Key Takeaways
- • Monroe Capital LLC acted as sole lead arranger and administrative agent on a senior credit facility funding Summit Professional Education's acquisition of Kids Bowel & Bladder (KBB), according to a Business Wire release.
- • KBB is described as the nation's leading continuing education platform for physical and occupational therapists specializing in pediatric bowel and bladder health.
- • Summit Professional Education is an existing portfolio company of Avathon Capital, and the deal is presented by Monroe as an example of its one-stop financing for private equity sponsors.
- • The release does not disclose the size of the credit facility or the purchase price.
Summary
KBB operates what the release describes as the nation's leading continuing education platform for physical and occupational therapists focused on pediatric bowel and bladder health. Its offerings include on-demand and live courses, a growing mini-lecture library, and a formal Certificate in Pediatric Pelvic Health, with continuing education approvals across more than a dozen states. Monroe states that Summit's acquisition will extend KBB's course library and certification program to a larger number of clinicians.
Monroe framed the transaction as representative of its ability to provide comprehensive "one-stop" solutions for private equity sponsors seeking debt and equity capital for acquisitions and recapitalizations. The firm describes itself as a provider of capital across direct lending, technology finance, venture debt, alternative credit, structured credit, real estate and equity strategies, with operations since 2004 and 13 locations across the United States, Asia, Australia, Europe and the Middle East. The release does not disclose the facility size, purchase price or other deal terms.
The same Business Wire feed carried several related Monroe announcements, including support for Edustaff's acquisition of E-Therapy and Summit Restoration Group's acquisitions of Capital Construction Services and Capital Fire & Water, reflecting a steady pace of sponsor-backed lending activity.
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