Private Credit Manager Monroe Sells Majority Stake to Wendel [Financial Post (Toronto, Ontario, Canada)]
Monroe Capital Corporation - Closed End Fund (MRCC)
Last monroe capital corporation - closed end fund earnings: 3/3 04:01 pm
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Wendel has agreed to acquire a majority stake in private lender Monroe Capital, which manages almost $20 billion, according to people familiar with the matter. The acquisition would extend Paris-based Wendel's reach in private credit at a time when the lending category is booming. The deal includes an additional commitment of up to $1 billion of capital to grow Monroe's business and seed new funds, the people said. The agreement could be announced as soon as Tuesday, said the people, who asked not to be identified because the information is private. Timing of the announcement and other details could still change, the people said. Representatives for Wendel and Monroe didn't immediately respond to requests for comment. Chicago-based Monroe provides private credit to borrowers in the US and Canada, according to its website. Theodore Koenig, who
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MRCC
News
- Monroe Capital Co. (NASDAQ: MRCC) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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- Monroe Capital Co. (NASDAQ: MRCC) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Monroe Capital Co. (NASDAQ: MRCC) was downgraded by analysts at B. Riley from a "neutral" rating to a "sell" rating. They now have a $7.25 price target on the stock.MarketBeat
MRCC
Earnings
- 11/12/24 - Beat
MRCC
Sec Filings
- 12/12/24 - Form PRE
- 12/10/24 - Form 8-K
- 12/6/24 - Form 8-K
- MRCC's page on the SEC website