Golub Capital

Golub Capital APAC Expansion Continues Into Japan

Retrieved on:

Sunday, March 31, 2024

Asset Management, Professional Services, Finance, Schroders, Senior, Golub Capital, Head, Capital

Golub Capital today announced that Shuji Hatsukaiwa has joined as Managing Director, Japan and will be based in the Firm’s newly-opened Tokyo office.

Key Points:

Golub Capital today announced that Shuji Hatsukaiwa has joined as Managing Director, Japan and will be based in the Firm’s newly-opened Tokyo office.
“Japan is a key market for Golub Capital as we continue to expand our global presence and strengthen our commitment to investors in the APAC region,” said Craig Benton, Senior Managing Director, Head of the Investor Partners Group at Golub Capital.
“Shuji brings deep institutional and wealth investor connections and has proven local market experience that will be critical as Golub Capital continues to build on its 20 year-long history of serving clients in Japan,” added Gregory Robbins, Vice Chair at Golub Capital.
“I am delighted to join Golub Capital and help build on its already sterling reputation in the Japan region as a leading private credit Firm,” said Shuji Hatsukaiwa, Managing Director, Japan at Golub Capital.

Golub Capital Acted as Sole Lender on Unitranche Facility for Agilio Software

Retrieved on:

Monday, February 19, 2024

Health, Technology, Hospitals, Software, Dental, General Health, Veterinary, Acquisition, Capital, Growth, Golub Capital, Arrows, TA Associates

Golub Capital acted as Sole Lender on a unitranche facility to support the acquisition of Agilio Software (“Agilio”) by Five Arrows and TA Associates (“TA”).

Key Points:

Golub Capital acted as Sole Lender on a unitranche facility to support the acquisition of Agilio Software (“Agilio”) by Five Arrows and TA Associates (“TA”).
Terms of the deal were not disclosed.
“We are delighted to lead this transaction to support the acquisition of Agilio, which maintains an impressive growth trajectory.”
The unitranche facility is composed of a revolver, term loan and a delayed draw term loan.
As of January 1, 2024, Golub Capital has completed over 70 platform and add-on transactions with software and technology companies in the last 12 months.

Golub Capital Acts as Sole Lender in Thoma Bravo Acquisition of German EQS Group

Retrieved on:

Monday, February 5, 2024

Finance, Environmental, Social and Governance (ESG), Banking, Professional Services, Asset Management, Partnership, Golub Capital, Thoma Bravo, Growth, ESG, Capital, Acquisition, Bank

Golub Capital acted as Sole Lender on a senior credit facility to support Thoma Bravo’s take private acquisition of German company EQS Group AG (“EQS”).

Key Points:

Golub Capital acted as Sole Lender on a senior credit facility to support Thoma Bravo’s take private acquisition of German company EQS Group AG (“EQS”).
Proceeds of the transaction will be used to fund future growth initiatives and provide capital for potential add-on acquisitions.
“We are pleased to leverage Golub Capital’s capabilities beyond the U.S., to also provide capital to businesses in Europe,” said Irina Hemmers, Partner at Thoma Bravo.
Golub Capital has completed 40 transactions with Thoma Bravo since 2018.

Golub Capital Leads Unitranche Facility for MRH Trowe

Retrieved on:

Monday, February 5, 2024

Banking, Professional Services, Insurance, Finance, Partnership, Investment, Golub Capital, TA Associates, MRH, Capital, Anarcho-capitalism, Financial services

Golub Capital acted as Joint Lead Arranger on a unitranche facility to support the organic and inorganic growth strategy of German insurance broker MRH Trowe, a portfolio company of TA Associates (“TA”) and AnaCap.

Key Points:

Golub Capital acted as Joint Lead Arranger on a unitranche facility to support the organic and inorganic growth strategy of German insurance broker MRH Trowe, a portfolio company of TA Associates (“TA”) and AnaCap.
MRH Trowe is one of the largest independent property and casualty commercial insurance brokers in Germany, with a highly diversified client base and a strong financial profile.
AnaCap originally invested in MRH Trowe in 2020, followed by a minority investment by TA in March of 2023.
“We welcome the new partnership with Golub Capital and look forward to deepening the relationship as our business continues to grow,” said Ralph Rockel, Chief Executive Officer of MRH Trowe.

KBRA Assigns Preliminary Ratings to Golub Capital Partners ABS Funding 2024-1

Retrieved on:

Thursday, February 1, 2024

Banking, Professional Services, Finance, Golub Capital, Golub, USVI, CCC, KBRA, Bank

KBRA assigns preliminary ratings to two classes of notes issued by Golub Capital Partners ABS Funding 2024-1 (GCPAF 2024-1), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.

Key Points:

KBRA assigns preliminary ratings to two classes of notes issued by Golub Capital Partners ABS Funding 2024-1 (GCPAF 2024-1), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.
The portfolio presented to KBRA contains exposures to 47 obligors with approximately 71.9% of the par exposed to RRLs.
GCIM is a USVI company providing investment management, fund accounting, operational and administrative services to manage certain of Golub Capital’s offshore funds.
Through services agreements, the collateral manager will leverage the Golub Capital platform, including its investment professionals and other resources.

Orbus Software Accelerates with 56% SaaS Platform Growth in 2023

Retrieved on:

Thursday, February 1, 2024

Enterprise transformation platform provider Orbus Software , today announced it has met its forecasted annual recurring revenue (ARR) target for 2023, achieving 30% year-on-year growth.

Key Points:

Enterprise transformation platform provider Orbus Software , today announced it has met its forecasted annual recurring revenue (ARR) target for 2023, achieving 30% year-on-year growth.
The ARR of the company’s flagship product and software-as-a-service (SaaS) platform OrbusInfinity grew by 56% in 2023, which is 26 times greater than its value in December 2020.
This key milestone enabled Orbus to hit profitability in Q3 2023, a quarter earlier than planned.
Throughout 2023, Orbus maintained its net revenue retention rate of 112% from 2022 and increased cloud customer retention from 96% in 2022 to 97% in 2023.

Golub Capital Leads $2.11 Billion Unitranche Facility for Aptean

Retrieved on:

Wednesday, January 31, 2024

Software, Other Manufacturing, Finance, Asset Management, Banking, Professional Services, Technology, Manufacturing, Partnership, Golub Capital, Growth, Capital, Bank

Golub Capital acted as Administrative Agent and Sole Lead Arranger on a $2.11 billion unitranche facility to refinance Aptean’s existing first lien and second lien broadly syndicated loan facilities.

Key Points:

Golub Capital acted as Administrative Agent and Sole Lead Arranger on a $2.11 billion unitranche facility to refinance Aptean’s existing first lien and second lien broadly syndicated loan facilities.
Aptean is a leading global provider of mission critical, vertical-market-focused enterprise resource planning software primarily for small and medium sized manufacturing businesses.
The $2.11 billion unitranche facility is comprised of a $150 million revolving credit facility, $1.66 billion term loan and $300 million delayed draw term loan.
Since then, Golub Capital has led more than 10 transactions and helped grow the facility size from $650 million to over $1.7 billion before being refinanced this month.

Golub Capital Bolsters U.S. and Global Institutional Sales Team with Key Hires

Retrieved on:

Thursday, January 18, 2024

Asset Management, Professional Services, Finance, Senior, Goldman Sachs, Consultant, PIMCO, Partners Group, Business development, BlackRock, Capital, Schroders, Golub Capital

Golub Capital today announced that Andrea Picard will be joining the Firm as Co-Head of Global Institutional Sales in March.

Key Points:

Golub Capital today announced that Andrea Picard will be joining the Firm as Co-Head of Global Institutional Sales in March.
Andrea will join Michele Joyeux as Co-Head of Global Institutional Sales - a combination that will bring together Golub Capital’s long history of nurturing win-win investor relationships with fresh perspective to raise the bar further.
“We are excited to have Andrea join the Firm,” said Craig Benton, Senior Managing Director, Head of the Investor Partners Group at Golub Capital.
“This is another key milestone in our multi-year plan to expand and evolve the Investor Partners Group to provide enhanced global coverage and specialized teams for different investor segments.”
“I am thrilled to be joining Golub Capital and look forward to further expanding the Firm’s U.S. and global investor base,” said Andrea Picard, Co-Head of Global Institutional Sales at Golub Capital.

Golub Capital Marks 30th Anniversary with Record Fundraising, Continued Expansion and Strong Deal Activity in 2023

Retrieved on:

Tuesday, January 16, 2024

Golub Capital marked the start of its 30th anniversary year and reported key milestones achieved in 2023.

Key Points:

Golub Capital marked the start of its 30th anniversary year and reported key milestones achieved in 2023.
Most recently, Golub Capital was named “Lender of the Decade” and “Senior Lender of the Decade”, Americas by Private Debt Investor in 2023.
“Golub Capital is purpose-built to be the best in sponsor finance,” said David Golub, President of Golub Capital.
Launched Golub Capital Private Credit Fund (“GCRED”), providing private wealth investors with greater access to the Firm’s private credit expertise.

U.S. Middle Market Performance Remains Strong, Defying Consensus

Retrieved on:

Tuesday, January 9, 2024

Asset Management, Professional Services, Finance, Public utility, Overalls, Employment, COVID-19, Environment, Confidentiality, Tax, Depreciation, GDP, Golub Capital, Growth, Bank

As we said throughout 2023, private equity-owned middle market companies in general are proving resilient and adapting well to the environment.

Key Points:

As we said throughout 2023, private equity-owned middle market companies in general are proving resilient and adapting well to the environment.
Our middle market report has also performed well.
The latest employment data shows that the labor market remains tight, and small- to medium-sized businesses face ongoing shortages of skilled labor.
It measures the median revenue and earnings growth of approximately 110–150 private U.S. companies in the loan portfolio of Golub Capital, a leading middle market lender.