Golub Capital has provided a $1.3 billion unitranche facility to back CVC Capital Partners’ buyout of a controlling stake in Radwell from Greenbriar. Radwell is a distributor of new, surplus, and reconditioned industrial automation and electronic control equipment for plant floor and facilities maintenance machinery.
PRESS RELEASE
NEW YORK, April 5, 2022 — Golub Capital acted as Left Lead Arranger and Administrative Agent on a $1.3 billion unitranche facility to finance CVC Capital Partners’ (“CVC”) acquisition of a controlling interest in Radwell International, Inc. (“Radwell”) from Greenbriar Equity Group (“Greenbriar”). Greenbriar and Radwell management will remain holders of significant interests in the equity of the company.
The financing consists of a $1.1 billion first-lien term loan, $150 million first-lien delayed-draw term loan and a $60 million multi-currency revolver.
“This is another example of our ability to deliver unitranche facilities of significant scale, while also providing committed growth capital, to high quality companies like Radwell in support of the investment objectives of two outstanding sponsors in CVC and Greenbriar,” said Spyro Alexopoulos, Senior Managing Director and Head of Originations at Golub Capital.
Golub Capital has been a lender to Radwell since February 2021.
About Golub Capital Sponsor Finance
Golub Capital is a market-leading, award-winning direct lender, with over $45 billion of capital under management. Golub Capital specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. The Firm’s Direct Lending group provides buy-and-hold financing for sponsor-backed transactions with hold positions of up to $700 million and arranges syndicated credit facilities up to $2+ billion.
Across its activities, Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors. Founded over 25 years ago, Golub Capital today has over 600 employees and lending offices in Chicago, New York, San Francisco and London. For more information, please visit golubcapital.com.
About Radwell International
Radwell is a distributor of new, surplus, and reconditioned industrial automation and electronic control equipment for plant floor and facilities maintenance machinery. The company also has full component-level repair capabilities, offering comprehensive solutions for all products across the full industrial automation equipment lifecycle. Radwell stocks and sells over 26 million unique industrial parts such as programmable logic controllers, data control systems, integrated circuits, timers, servo motors, and much more. Radwell is an authorized distributor and application solution provider for brand new OEM manufactured products of over 300 brands. The company is headquartered in Willingboro, New Jersey, and has nine locations globally across the United States, Canada, the United Kingdom, and Germany. For further information about Radwell International, please visit www.radwell.com.
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