Golub Capital recently announced that as Sole Bookrunner, Sole Lead Arranger & Administrative Agent, it provided a $375 million GOLD facility to support the acquisition of Halogen Software by Saba Software, a portfolio investment of Vector Capital. GOLD financings are Golub Capital One-Loan Debt facilities.

Saba delivers a cloud-based talent management and engagement solution used by leading organizations worldwide to hire, develop, engage, and inspire their people. The financing will support the combination of Saba and Halogen, extending Saba's position as a leading provider of end-to-end SaaS Talent Management solutions. Combined, Saba and Halogen will serve more than 4,000 customers worldwide, and together, increase value to the customers they serve with the strength, size and scale to deliver rapid innovations in talent management.

"The combination of Saba and Halogen creates a market-leading talent management software platform," said Troy Oder, Managing Director at Golub Capital. "With an excellent management team and exceptionally strong sponsor support from Vector Capital, we anticipate a successful next phase of growth for Saba, and are thrilled to support this transaction."

"Golub Capital demonstrated a deep understanding of the talent management software industry, and provided a compelling financing solution that allowed us to move quickly and definitively through a time-sensitive and confidential process.  Golub's speed, flexibility and reputation for delivering scalable solutions makes them an ideal partner to support our investment in the Saba platform," said Andy Fishman, Managing Director at Vector Capital.