Syncsort Inc., a Woodcliff Lake, N.J.-based provider of data management and data protection software, has secured a $125 million credit facility. The refinancing was arranged by Golub Capital. Syncsort is a portfolio company of Insight Venture Partners.
Golub Capital today announced the recent completion of a $125 million senior secured credit facility for the refinancing of Syncsort Incorporated, a portfolio company of Insight Venture Partners. Golub Capital acted as the Sole Bookrunner and Administrative Agent for this financing.
Syncsort is a leading global software company providing high-performance software solutions for data management and data protection. Using patented technology, the Company’s mission-critical data management and data protection solutions improve data warehouse processing speed, database loads, query performance, and back-up and protect data in distributed environments, the framework for client/server applications.
“We are extremely pleased to have represented Insight and Syncsort in this refinancing process. Syncsort is an extremely attractive company with a stable core business and exciting growth prospects. This represents our 4th transaction with Insight and we look forward to supporting them on future transactions,” said Golub Capital Senior Managing Director Andy Steuerman.
“Golub is one of the leading middle-market software lenders and their ability to have structured a transaction that simultaneously met the needs of the Company and the needs of the markets allowed us to efficiently close this transaction. The Golub team provided excellent execution even while the credit markets were turbulent during this process. Consistent with our past experiences, the professionals at Golub delivered what they promised upfront,” said Deven Parekh, a Managing Director at Insight Venture Partners.
About Golub Capital
With over $4 billion in capital, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm’s proprietary GOLD facility), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm also underwrites and syndicates senior credit facilities up to $200 million. Golub Capital’s hold sizes range up to $75 million per transaction. Golub Capital was ranked by Thomson Reuters Loan Pricing Corporation as the #1 Traditional Middle Market Bookrunner for 2009. For two years in a row, Golub Capital was named “Middle Market Lender of the Year” by Buyouts Magazine for achievements in 2009 and 2008. Other honors include being named “Debt Financing Agent of the Year” in June 2010 by M&A Advisor. Golub Capital is a national firm with offices in Chicago, New York and Atlanta. For more information, please visit the firm’s website at www.golubcapital.com.
About Insight Venture Partners
Founded in New York in 1995, Insight Venture Partners is a leading growth-oriented, entrepreneur-focused private equity and venture capital firm focused on expansion and late stage investments in the global software, Internet and data services industries. Insight’s team is composed of experienced investors and operating executives with more than 150 years of collective experience in its focal industries. With over $3 billion raised since inception and a large network of technology experts, Insight provides strong support to its portfolio companies. In 2009 Insight was named among the Top Ten VCs Globally by Red Herring Magazine. Since inception, Insight has exited more than 50 portfolio companies including 16 IPOs. For more information about Insight, please go to www.insightpartners.com.