o15 Capital Partners Provides $75 Million Unitranche Facility for Monetate's Acquisition of SiteSpect
- Editor
- 4 days ago
- 1 min read
Whats Happening:
o15 Capital Partners, through its Emerging America Credit Opportunities fund, has provided a $75 million unitranche facility and equity co-investment to support Monetate's acquisition of SiteSpect. The transaction also refinances Monetate's existing debt and aims to create a scaled, differentiated platform for AI-driven personalization and testing in the digital customer engagement space.
Key Moves:
o15 provides $75 million unitranche facility and equity co-investment
Monetate acquires SiteSpect, creating a scaled AI-driven personalization platform
Transaction refinances Monetate's existing debt
By The Numbers:
$75 million unitranche facility provided
$30 million senior secured 'last-out' term loan included
Combined platform serves over 200 enterprise customers
Key Quotes:
"Monetate and SiteSpect form a high-quality software platform with real technical depth, strong unit economics, and a growing role in digital customer engagement," said Brian Morris, Chief Investment Officer at o15.
"We've built a strong working relationship with o15 across multiple transactions," said Kenneth Lau, Managing Director at Centre Lane Partners.
Bottom Line:
o15 Capital Partners' $75 million unitranche facility and equity co-investment support the strategic acquisition of SiteSpect by Monetate, creating a scaled platform for AI-driven personalization and testing. This transaction demonstrates o15's commitment to backing high-impact software platforms and its ongoing collaboration with Centre Lane Partners in the lower middle market.