Golub Capital has provided undisclosed financing to back GTCR‘s acquisition of Park Place Technologies. PPT provides post-warranty hardware maintenance services to companies around the world.
Chicago, IL – December 10, 2015 – Golub Capital announced today that as Administrative Agent and Sole Bookrunner it provided a senior credit facility to support the acquisition of Park Place Technologies, LLC (“PPT”) by GTCR.
Founded in 1991, PPT is a leading third-party maintenance (TPM) provider that offers organizations an alternative to post-warranty storage, server and networking hardware maintenance and support in the data center. PPT supports EMC, Dell, IBM, Cisco, Hitachi, NetApp, HP, Sun/Oracle and other data center hardware equipment in over 70 countries. From government, higher education and healthcare institutions to cloud service providers, SMB and Fortune 500 companies, PPT provides more than 5,000 organizations with an exceptional customer experience, superior service delivery and an operational advantage.
“Consistent with our past experiences, Golub provided a flexible financing solution and was able to close quickly and smoothly,” said David Donnini, Managing Director at GTCR.
“PPT is a prime example of Golub bringing to bear its product flexibility, hold capacity, and speed of execution to deliver for our client,” stated Michael Meagher, Managing Director at Golub Capital. “We are thrilled to once again be partnering with GTCR and look forward to working with them in the future.”
This is Golub Capital’s second transaction with PPT in the last six months, and third transaction partnering with GTCR in 2015.
About Golub Capital Middle Market Lending
Golub Capital’s award winning middle market lending team structures financing solutions with hold positions of up to $300 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. Golub Capital has been a top 3 US Middle Market Bookrunner each year from 2008 through Q3 2015 for senior secured loans of up to $500 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).
Golub Capital is a nationally recognized credit asset manager with over $15 billion of capital under management. Golub Capital has four highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Late Stage Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital’s lending offices are located in Chicago, New York, San Francisco and Charlotte. For more information, please visit the firm’s website at www.golubcapital.com.
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $12 billion in over 200 companies. For more information, please visit www.gtcr.com.