Investment Banking
Financial Advisor to the Special Committee of Horizon
September 03, 2025
Oppenheimer & Co. Inc. Acted as Financial Advisor to the Horizon Technology Finance Corp. ("Horizon") Special Committee on Horizon’s announced merger with Monroe Capital Corp. ("Monroe")
On August 7th, 2025, Monroe Capital LLC (“Monroe Capital”) announced that Horizon (NASDAQ:HRZN) and Monroe (NASDAQ:MRCC) entered into an agreement in which Monroe would merge with and into Horizon. Oppenheimer served as Financial Advisor to the Special Committee of Horizon Technology Finance Corp.
Horizon and Monroe are both business development companies (“BDCs”) managed by affiliates of Monroe Capital. The transaction is subject to certain shareholder approvals and the satisfaction of other closing conditions. Horizon will be the surviving public entity and will continue to be managed by Horizon Technology Finance Management LLC and trade on the NASDAQ under the symbol “HRZN”.
Under the terms of the Merger Agreement, shareholders of Monroe will receive a number of Horizon shares with a net asset value (“NAV”) equal to the NAV of the shares that they hold at Monroe, as determined before closing. The transaction will provide Horizon with enhanced scale, additional capital to support growth, increased access to debt capital and provide accretion to its shareholders over the long-term.
Horizon Technology Finance Corp. is a BDC externally-managed by an affiliate of Monroe Capital with $727M of total assets as of 6/30/25. Horizon provides capital in the form of secured loans to venture capital and private equity-backed companies in the technology, life sciences, healthcare and sustainability industries.
Monroe Capital Corp. is a BDC externally-managed by an affiliate of Monroe Capital with $395M of total assets as of 6/30/25. Monroe principally invests in senior, unitranche and junior secured debt in middle-market companies.
Read the full press release here.
Financial Institutions Investment Banking
Name:
Cliff Booth
Title:Managing Director, Head of Specialty Finance
Name:
JD Nelson
Title:Managing Director
Name:
Adam Markiewicz
Title:Director
Name:
Ethan MacKenzie
Title:Associate
Name:
Alec Azar
Title:Analyst
Name:
Teresa Markiewicz
Title:Analyst
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