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Golub Capital Provides Debt Facility to Support Daxko Recapitalization

Date: Sep 26, 2016 @ 07:29 AM
Filed Under: Technology

Golub Capital announced that as administrative agent, sole lead arranger and joint bookrunner, it provided a GOLD financing to support GI Partners' recapitalization of Daxko, LLC. GOLD financings are Golub Capital's One-Loan Debt facilities.

Headquartered in Birmingham, AL and founded in 1998, Daxko provides SaaS solutions to organizations including YMCA/YWCAs, JCCs, health clubs, wellness centers and recreation facilities. The company offers solutions that help more than 1,200 organizations manage their scheduling and daily operations, member management and engagement, accounting, event registration, payment services, and mobile applications.

Golub Capital began its relationship with Daxko in March 2014, when the firm provided a late stage lending credit facility to support Pamlico Capital's acquisition of the Company.

"We are fortunate to support Daxko throughout our strong long-term partnership, and to work alongside GI Partners on our first deal together," said Mike Meagher, Managing Director at Golub Capital.

Golub Capital's Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $300 million and is an arranger of credit facilities up to $750 million. 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.

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