Breakaway Capital Announces Monroe Capital Dismisses Lawsuit Against Warren Woo, Breakaway Capital

LOS ANGELES, Dec. 4, 2014 /PRNewswire/ -- Breakaway Capital today announced that Monroe Capital LLC will dismiss its lawsuit against Warren Woo and Breakaway Capital.

In a statement, Ted Koenig, President and CEO of Monroe Capital said, "Upon further investigation, it is clear that Warren's actions were not improper."

Warren Woo, Managing Partner of Breakaway Capital Partners Fund, LP said, "I am pleased with the settlement and with the acknowledgement that my actions were in no way improper.  As a result of remaining a limited partner in Monroe Capital Partners Fund, LP with a financial interest in the general partner of the fund, I look forward to remaining economically aligned with Monroe going forward."

About Breakaway Capital

Breakaway Capital is a private investment firm based in Los Angeles with approximately $50 million of committed capital under management.  Focused on companies with up to $5 million of EBITDA, Breakaway provides senior debt, subordinated and mezzanine debt, unitranche structures, structured equity and common equity to companies for leveraged buyouts, acquisitions, recapitalizations, restructurings and growth capital for both sponsored and non-sponsored transactions.  For more information, please go to www.breakawaycap.com or contact us at [email protected].

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SOURCE Breakaway Capital

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