AdTheorent went public via a merger with MCAP Acquisition Corporation in a $775m deal.

AdTheorent, a machine learning platform, went public via a merger with MCAP Acquisition Corporation, a blank check company, in a $775m deal. Investors in PIPE included Monroe Capital, Hana Financial Group and Palantir Technologies. “The completion of the business combination in today’s market was an incredible accomplishment. This deal would not have happened without our team’s relationships within the IPO and PIPE investor community. The transaction is indicative of Monroe Capital’s franchise as a top-tier SPAC sponsor. Regardless of market conditions, Monroe Capital is able to leverage its investing platform and relationships to find exceptional companies, with top management teams, with the goal of achieving exceptional long term returns for stockholders. We look forward to continuing our position as a leading SPAC sponsor and searching for exceptional companies that can benefit from the Monroe Capital platform, including within Monroe’s relationships with the owners of the approximately 500 portfolio companies we are invested in. We are excited to continue the journey in partnering with rapidly growing, public ready companies in attractive industries,” Theodore Koenig, MCAP Chairman and CEO.