Golub Capital said Monday that it provided a $75 million second lien term loan and $4 million in co-investment equity to support Frazier Healthcare‘s buy of AndersonBrecon. AndersonBrecon, which has facilities in Rockford, Ill. and the U.K., provides packaging services.
CHICAGO, May 13, 2013 /PRNewswire/ — Golub Capital announced today that as Sole Bookrunner, Lead Arranger and Administrative Agent it provided a $75 million second lien term loan and $4 million in co-investment equity to support the acquisition of AndersonBrecon by Packaging Coordinators, Inc. (“PCI”), a Frazier Healthcare (“Frazier”) portfolio company. PCI, a provider of pharmaceutical and biotechnology packaging services, will combine with AndersonBrecon to offer services on a global customer scale.
“We are very pleased to have successfully closed PCI’s acquisition of AndersonBrecon. The merged company is a strong business with terrific growth prospects,” stated Stefano Robertson , a Managing Director at Golub Capital and the head of their Healthcare Finance team. “This is our second deal with Frazier in the past year and we have a high regard for their ability to strategically position their portfolio companies for both organic and acquisitive growth. We look forward to continuing our work together in the future.”
Brian Morfitt , a Partner at Frazier, commented, “Working with both the Healthcare Finance and Capital Markets teams at Golub Capital was a seamless experience. Their leadership throughout the process helped provide strong certainty and facilitated a path to closing.”
About Golub Capital
With $8 billion of capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm’s proprietary GOLD, MEGA GOLD and MINI GOLD facilities), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates senior credit facilities up to $250 million. Golub Capital’s hold sizes range up to $150 million per transaction.
Golub Capital has been a top 3 Traditional Middle Market Bookrunner each year from 2008 through 2012 for senior secured loans of up to $100 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals). In 2012, Golub Capital was awarded the ACG New York Champion’s Award for “Senior Lender Firm of the Year.” Golub Capital is a national firm with principal offices in Chicago and New York. For more information, please visit the firm’s website at www.golubcapital.com.
About Frazier Healthcare
Founded in 1991, Frazier Healthcare is a leading provider of growth equity and venture capital to high growth and emerging healthcare service and biopharma companies. With over $1.8 billion under management across seven funds, Frazier Healthcare has invested in more than 140 companies across the entire developmental spectrum. From seed stage venture investments to leveraged recapitalizations of cash generating companies, Frazier Healthcare has established itself among entrepreneurs and seasoned executives as a preferred partner to help create and grow successful healthcare companies. For more information about Frazier Healthcare, visit the company’s website at www.frazierhealthcare.com.