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Monroe Capital provides unitranche facility to Playtime

Monroe Capital has funded a unitranche credit facility and equity co-investment to support the recapitalisation of Playtime by private equity sponsor Geneva Glen Capital.



Based in Englewood, Colorado, Playtime is a provider of interactive healthy play areas and playground equipment for indoor, outdoor and water play. The company markets, designs, manufactures and installs custom soft sculpted play areas in many market segments including shopping centres, restaurants, airports, stadiums, childcare centres, healthcare centres, fitness centres, churches, resorts, recreation centres, water parks, and museums.

Founded in 2001, Playtime has completed thousands of installations in all 50 states and 20 countries.

Theodore L Koenig, president and chief executive officer of Monroe Capital, says: “We very much appreciated the confidence Geneva Glen Capital had in Monroe Capital to finance this recapitalization of a family-owned and operated business. We strived very hard to be responsive and fund within a very short time period.”

Adam Schecter, managing director of Geneva Glen Capital, says: “Monroe Capital was able to complete the financing of our recapitalisation in less than three weeks, start to finish. Their ability to understand our investment thesis and the growth potential of our investment was critical in completing our recapitalisation in an expedited time frame.”

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