Golub Capital announced that as administrative agent, joint bookrunner, and lead arranger, it provided a GOLD financing to Paine & Partners, LLC ("Paine & Partners") to finance its acquisition of The Global ID Group ("Global ID"). GOLD financings are Golub Capital One-Loan Debt facilities.
Global ID companies provide integrated food safety and food quality solutions that address the challenges and opportunities in the rapidly evolving food industry. Serving more than 15,000 clients in over 100 countries with a market-leading portfolio of testing, inspection, certification, and consulting services, the Global ID Group helps companies navigate the increasingly regulated global food economy demanding higher levels of transparency, accountability, safety, and sustainability.
"We are excited to support Paine & Partners and Global ID in their future growth plans. Both partners bring an exceptional level of expertise in the food safety industry, and we look forward to helping them achieve and surpass their goals in the next phase of their development," said Greg Cashman, Senior Managing Director at Golub Capital.
This transaction represents Golub Capital's first alongside Paine & Partners.
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.