Caltius Mezzanine Provides $51.0 Million to Monitor Group
October 10, 2011
Los Angeles, CA, October 2011 – Caltius Mezzanine is pleased to announce the recent closing of a $51.0 million subordinated debt financing for Monitor Group (“Monitor”). The financing was used to refinance a portion of Monitor’s existing debt and provide growth capital.
Based in Cambridge, MA, Monitor is a leading global management consulting firm focused on helping clients win by seizing new opportunities, overcoming difficult challenges, and transforming their organizations. Monitor employs a highly talented group of over 1,000 consultants located around the world, providing a wide variety of high impact, expert consulting services. Founded in 1983, Monitor has a proven track record of significantly improving the revenue growth and profitability of its clients. “We are very excited about our new partnership with Monitor,” said Michael Kane, Managing Director of Caltius Mezzanine.
“We are extremely impressed with the quality of the Monitor team, and are fortunate to have the opportunity to invest in such a prestigious consulting firm. Monitor consistently delivers impactful results for its clients, and consequently enjoys a high customer retention rate.”
“Caltius’ investment provides Monitor with a flexible, long term capital structure that will help us achieve our strategic initiatives and growth targets”, noted Steve Jennings, Managing Partner of Monitor. “The Caltius team has experience investing in professional service businesses, and showed creativity in structuring a customized financing that met our unique needs.”
Based in Los Angeles, Caltius Mezzanine provides innovative capital solutions in amounts of $10.0 to $75.0 million to middle market companies throughout North America. Since its founding in 1997, Caltius Mezzanine has invested over $700 million in a broad range of industries to support acquisitions, recapitalizations, buyouts, and organic growth. Caltius Mezzanine is currently investing out of its fourth fund, Caltius Partners IV, LP, a $500 million fund that closed in May 2008. For more information or to refer an investment opportunity, please call us at (310) 996-9585.