Golub Capital has provided a debt facility to back GI Partners‘ acquisition of Togetherwork, a New York City-based provider of group management software and payments. No financial terms were disclosed.
NEW YORK, March 22, 2018 /PRNewswire/ — Golub Capital recently announced that, as Administrative Agent, it provided a GOLD facility to support the acquisition of Togetherwork Holdings, LLC (“Togetherwork”) by GI Partners. GOLD financings are Golub Capital One-Loan Debt facilities. The financing will be used to continue expanding Togetherwork’s software and payments platform.
Togetherwork has a family of entrepreneurial companies that provide SaaS solutions to groups and organizations for administration and payments. Togetherwork was launched as a platform to acquire, integrate and scale leading businesses developing software used to manage and enable payments for groups and organizations.
“During the past few years, we’ve seen a wave of continued consolidation in member services software platforms, and Togetherwork has emerged as a leader in the integrated software and payments space,” said Michael Meagher, Managing Director at Golub Capital. “Togetherwork’s unique model and track record of partnering with top member services companies gave us confidence that it would be a strong addition to GI Partners’ portfolio.”
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 $400 million and is an arranger of credit facilities up to $1 billion. 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 $25 billion of capital under management. For over 20 years, Golub Capital has provided credit to help medium-sized U.S. businesses grow. The firm’s award-winning Middle Market Lending business provides financing for middle market companies and their private equity sponsors. Golub Capital’s credit expertise also forms the foundation of its Late Stage Lending and Broadly Syndicated Loan businesses. Golub Capital has worked hard to build a reputation as a fast, reliable provider of compelling financing 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 golubcapital.com.
About GI Partners
GI Partners is a private investment firm based in San Francisco. The firm has raised $16 billion in capital from leading institutional investors across the globe. GI Partners’ private equity team focuses on investments in the IT Infrastructure, Healthcare, Software, and Services sectors. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.
Togetherwork is the emerging leader in software and payments for groups and organizations of all kinds, helping them grow, become more efficient, increase revenues, and provide excellent service to their members and constituents. Togetherwork’s operating companies serve multiple verticals including fraternal organizations, religious congregations, sports leagues, summer camps, charities, and cultural and educational institutions. Togetherwork has more than 300 employees. The company is based in New York City. To learn more about us, please visit www.togetherwork.com.