Golub Capital financed Linden Capital Partners‘ acquisition of Pinnacle Treatment Centers, an addiction medicine provider, with a one-loan debt facility. Golub Capital’s middle market lending group provides financing for PE-backed transactions with hold positions up to $300 million and arranges credit facilities up to $750 million.
CHICAGO, Aug. 10, 2016 /PRNewswire/ — Golub Capital announced today that as Administrative Agent and Sole Bookrunner, it provided GOLD financing to Linden Capital Partners to finance its acquisition of Pinnacle Treatment Centers, Inc. (“Pinnacle”). GOLD financings are Golub Capital One-Loan Debt facilities.
Pinnacle is a leading provider of substance abuse treatment services to individuals that are addicted to drugs and/or alcohol. Founded in 2006, Pinnacle has grown its platform to over 30 facilities across five states and offers a full continuum of care, including detoxification, residential, outpatient, and transitional living programs.
“We are very pleased to complete another transaction in partnership with Linden Capital Partners,” said Stefano Robertson, Managing Director and Head of Healthcare at Golub Capital. “Linden has excellent insight into the substance abuse treatment markets and is very well positioned to help Pinnacle achieve its growth objectives. We are excited to invest in this company alongside them.”
Michael Watts, Partner at Linden Capital Partners said, “We are excited to work with Golub Capital again. Consistent with our prior experience with their healthcare finance team, Golub Capital acted quickly and decisively, ultimately delivering a very efficient financing that offered certainty and efficiency to our process.”
About Golub Capital Middle Market Lending
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $300 million and is an arranger of credit facilities up to $750 million. Golub Capital’s award winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet private equity sponsors’ and portfolio companies’ needs.
Golub Capital is a nationally recognized credit asset manager with over $18 billion of capital under management. For over 20 years, the firm has provided credit to help medium-sized U.S. businesses grow. The firm’s award-winning middle market lending business helps provide financing for middle market companies and their private equity sponsors. Golub Capital’s credit expertise also forms the foundation of its Late State Lending and Broadly Syndicated Loan businesses. Golub Capital has worked hard to build a reputation as a fast, reliable provider of compelling finance solutions, and we believe this has inspired repeat clients and investors. Today, the firm has over 300 employees with lending offices in Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com
About Linden Capital Partners
Linden Capital Partners is a Chicago-based private equity firm focused exclusively on leveraged buyouts in the healthcare and life sciences industries. Linden’s strategy is based upon three elements: (i) healthcare and life science industry specialization, (ii) integrated private equity and operating expertise, and (iii) strategic relationships with large corporations. Linden invests in middle market platforms in the medical products, specialty distribution, pharmaceutical, and services segments of healthcare. For more information, visit www.lindenllc.com.