Monroe drills debt into PE-backed Familia Dental Group

The Chicago-based lender is supporting Halifax Group’s stake in the healthcare company with a $63m loan.  

Monroe Capital has provided a $63 million five-year senior credit facility to the Halifax Group, backing its investment in Familia Dental Group. Halifax announced last week that it was taking an undisclosed stake in the dental company, targeting a recapitalization.

Familia Dental provides dental care, orthodontics and oral surgery services to more than 250,000 patients annually in underserved regions of Illinois, Indiana, New Mexico, Texas and Wisconsin. The company is headquartered is in Chicago. It has opened 31 clinics since its founding in 2008.

The Halifax Group is a private equity firm that invests in businesses with enterprise values between $30 million and $125 million. It manages nearly $1 billion across three funds and counts university endowments, public and private pensions and corporations among its investors. Co-founded by David Dupree, formerly of the Carlyle Group, and William Rogers, previously of the Robert M. Bass Group, Halifax has 18 employees and offices in Washington, DC, Raleigh, North Carolina and Dallas.

Monroe Capital focuses on mid-market lending in the US and Canada using unitranche financing, cash flow and value-based enterprise loans, asset-backed loans, acquisition facilities, mezzanine debt, second-lien loans and equity co-investments. The company has about $3.1 billion of committed capital and has been involved in more than 900 transactions since its inception in 2004.

Based in Chicago, Monroe also has offices in New York, Los Angeles, San Francisco, Atlanta, Boston, Dallas and Toronto. It recently reached a fourth close on $660 million for its Monroe Capital Private Credit Fund II, the company's second direct lending fund.