Golub Capital expands late stage lending, opens San Fran office

Technology lender Golub Capital is expanding its late stage lending platform with the addition of two investment directors and the opening of a new San Francisco office. The full announcement is below. GOLUB CAPITAL OPENS SAN FRANCISCO OFFICE AS PART OF ITS EXPANSION INTO LATE STAGE LENDING NEW YORK – September 16, 2014 – Golub […]

first read April 29

peHUB First Read

Catch up on the latest midweek news including Pennsylvania State Employees’ Retirement System recruiting for a CIO, PE deals in South East Asia predicted to double in five years, six facts about the Apple watch and how it feels to be top quartile from EnCap.


Brazos’ Vision Source completes dividend recap

Brazos Private Equity Partners portfolio company Vision Source has completed a dividend recapitalization transaction. Golub Capital provided the financing to support the transaction via a uni-tranche term loan facility and revolver. Financial terms of the refinancing were not disclosed.


The Riverside Company backs Tate’s Bake Shop

The Riverside Company has backed Tate’s Bake Shop, a premium cookie and baked goods provider based in Southampton, New York. Golub Capital, Crescent Capital and Triangle Capital provided financing for the transaction. Riverside was advised by Jones Day and Deloitte. TM Capital Corp, an investment banking firm with offices in New York, Boston and Atlanta, served as financial advisor to Tate’s Bake Shop.


Brentwood Associates acquires Marshall Retail Group

Brentwood Associates has acquired Marshall Retail Group, a specialty retailer for marketplaces in major casino-hotels and airports in the U.S. Golub Capital was the lead arranger for the debt financing supporting the acquisition.


Linden Capital closes Spear Education buy

Linden Capital Partners has completed its buy of Spear Education. Financial terms weren’t announced. Scottsdale, Ariz.-based Spear provides post-graduate dental continuing education content to dentists and specialists around the country. Brentwood Capital Advisors provided financial advice to Spear. Golub Capital provided debt financing.


Buyout loan trends may reflect Fed, OCC disparities: TRLPC

Scrutiny by U.S. regulators is reshaping the leveraged loan market as bankers complain that the Office of the Comptroller of the Currency enforces leveraged lending guidance more stringently than the Federal Reserve, sister service Thomson Reuters Loan Pricing Corp reports.


J.H. Whitney acquires C.J. Foods

C.J. Foods has been acquired by J.H. Whitney Capital Partners. Golub Capital acted as sole bookrunner and administrative agent and provided a GOLD financing to support the acquisition. Founded in 1985 and headquartered in Bern, KS., C.J. Foods is a custom manufacturer of super-premium dry pet foods for dogs, cats, and other household pets.


Harvest Partners invests in Athletico

Athletico Physical Therapy has received undisclosed funding from New York private equity firm Harvest Partners. GE Capital, Ares Capital Corp. and Golub Capital arranged senior debt financing for the transaction. White & Case, McDermott Will & Emery and Marwood Group provided advice to Harvest while Jefferies, Abrams & Steinberg and Harrison & Held advised Athletico. Based in Chicago, Athletico is a physical therapy business that has 80 clinics throughout Illinois, Wisconsin and Indiana.

Smashburger Closes on $35 Million Funding Round

Smashburger, the Denver-based restaurant chain, has closed on $35 million in financing care of Golub Capital, a provider of loan financing to middle-market companies. Smashburger intends to use the line of credit to finance its growth plans, including opening 50 to 60 companies and franchise locations this year. The company has between 200 and 250 […]

Crabb Joins Golub Capital

Brian Crabb has joined Golub Capital as an MD in the firm’s middle market lending group. Most recently, Crabb was an MD-team lead for Fifth Third Bancorp.

Golub Capital Supports ABRY Partners’ Acquisition of SourceMedical

The middle market financing firm Golub Capital has provided a $25 million second lien term loan to support the acquisition of SourceMedical Solutions by the private equity firm ABRY Partners. SourceMedical provides outpatient information and revenue cycle management services for ambulatory surgery centers, specialty hospitals, and rehabilitation clinics nationwide.

Golub Capital Provides Loan Backing Windjammer’s Buy of GCS

Golub Capital has provided a senior debt facility to support Windjammer Capital Investors’ buy of Global Claims Services. GCS is an insurance service provider that helps property insurance carriers settle claims through its ITEL and ICC subsidiaries. PRESS RELEASE Golub Capital, as Administrative Agent, announced today that it provided a senior debt facility to support the […]

Pentech Sold to Norwest

Norwest Equity Partners has acquired Pentech Holdings from DW Healthcare Partners, Frazier Healthcare and Pentec management. Pentec is a provider of specialty pharmaceutical products and services outside of the hospital setting. Additional financing for this transaction was provided by Norwest Mezzanine Partners, Madison Capital Funding, Golub Capital, Zions Bank, and CIT Group. PRESS RELEASE Norwest […]

Golub Provides Senior Notes In The Atlas Group Refinancing

Golub Capital said Wednesday that it provided $18.9 million in subordinated notes for the refinancing of The Atlas Group. Wichita, Kan.-based The Atlas Group makes high precision machine parts, assemblies, and replacement parts for aerospace original equipment manufacturers and Tier 1 suppliers. The Atlas Group is a portfolio company of Graham Partners. PRESS RELEASE Golub […]

Slideshow: Howdy, Dallas Shindigers!

Thanks to everyone who came out to peHUB’s Dallas Shindig last night. About 150 of ya’ll turned out at the Uptown Bar & Grill to knock back beers and nosh on sliders, wings and “floutitas.” This was our fourth Shindig this year, with previous events in New York, Chicago and San Francisco. We’ll be sure […]

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