Monroe Capital Agents $31.4 Million Credit Facility to Worldwise, Inc.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC today announced it acted as sole lead arranger and
administrative agent on a $31.4 million unitranche credit facility to
support the recapitalization of Worldwise, Inc. (“Worldwise”) and
ongoing innovation and product development, as well as future
acquisitions by private equity sponsor, Mistral Equity Partners.
Based in Novato, California and founded in 1990, Worldwise is a leading
supplier of pet products including pet bedding, travel bags and
accessories, cat toys, catnip, cat scratchers and dog toys. Worldwise’s
products are sold throughout the world at over 30,000 doors across
multiple retail channels, including mass merchandisers, grocery, drug,
home/value, pet specialty, and e-commerce channels. The company’s
portfolio of brands include SmartyKat, TrustyPup, Petlinks, Hear Doggy!,
Sherpa, and goDog. Worldwise recently acquired Quaker Pet Group and
continues to look for strategic add-on acquisitions.
About Monroe Capital
Monroe Capital LLC is a leading provider of senior and junior debt and
equity co-investments to middle-market companies in the U.S. and Canada.
Investment types include unitranche financings, cash flow and enterprise
value based loans, asset based loans, acquisition facilities, mezzanine
debt, second lien or last-out loans and equity co-investments. Monroe
Capital prides itself on its flexible investment approach and its
ability to close and fund transactions quickly. Monroe is committed to
being a value-added and user-friendly partner to owners, senior
management and private equity sponsors. Monroe has been recognized by
Global M&A Network as the 2013, 2014 and 2015 Small Middle Markets
Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender
of the Year and the 2014 Senior Lender of the Year, and the U.S. Small
Business Administration as the 2015 Small Business Investment Company
(SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.
About Worldwise®
Petlinks®, SmartyKat®, TrustyPup®, SHERPA®, goDog™, Hear Doggy!™ and
kathy ireland® Loved Ones products are manufactured by Worldwise®, a
leading consumer pet products company. By developing innovative,
solution-based and high-quality products from environmental materials
whenever possible, Worldwise brands are changing consumer beliefs about
the look, feel, price and performance of environmentally-responsible
products. To learn more about Worldwise, visit www.worldwise.com.
About Mistral Equity Partners
Mistral Equity Partners is a private equity firm comprised of highly
experienced investment professionals and seasoned industry executives.
The Firm specializes in the consumer, retail and consumer focused media
sectors, and is especially attracted to businesses that are supported by
strong demographic trends and fundamental changes in consumer
preferences.
Contacts
Monroe Capital LLC
Theodore L. Koenig
312-523-2360
tkoenig@monroecap.com
or
BackBay
Communications
Douglas Allen
646-722-4270
Doug.Allen@backbaycommunications.com
