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Monroe Capital Supports Thunder Bridge’s Acquisition of REPAY

July 17, 2019, 08:45 AM
Filed Under: Mergers & Acquisitions

Monroe Capital LLC announced that on July 11, 2019, Monroe closed a $25 million private investment in a public equity (PIPE) transaction, which was previously announced on May 9, 2019, supporting the successful close of the business combination of Repay Holdings, LLC, together with its parent, Hawk Parent Holdings, LLC (together, “REPAY”), and Thunder Bridge Acquisition, Ltd. (“Thunder Bridge”), a special purpose acquisition company.

In connection with the closing of the business combination, which closing was previously announced on July 11, 2019, Thunder Bridge acquired REPAY for approximately $580.7 million in total consideration. The business combination was approved by Thunder Bridge’s shareholders at an extraordinary general meeting held on July 10, 2019. Monroe also acted as a member of the sponsor group of Thunder Bridge.

REPAY is a leading provider of vertically-integrated payment solutions. Upon completion of the business combination, Thunder Bridge changed its name to Repay Holdings Corporation, and its common stock and warrants are trading on the Nasdaq Stock Market under the ticker symbol “RPAY” and “RPAYW,” respectively.

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