Golub Capital announced that as administrative agent, sole lead arranger and sole bookrunner, it provided a GOLD financing to support the acquisition of Syncsort Incorporated by Clearlake Capital Group. GOLD financings are Golub Capital's One-Loan Debt facilities.
Headquartered in Woodcliff Lake, NJ, Syncsort provides powerful, secure, enterprise-grade software that spans "Big Iron to Big Data," including fast-growing analytical platforms such as Apache Hadoop, Splunk, Apache Spark, and the cloud, as well as more mature platforms such as the IBM z Systems mainframe.
Golub Capital has been a lender to Syncsort since 2010. This marks the third transaction Golub Capital has led for the company.
"We are excited to support Syncsort's next growth phase and are enthusiastic to expand our relationship with Clearlake through this transaction. We look forward to closing more deals together with Clearlake," said Andy Steuerman, Head of Middle Market Lending and Late Stage Lending.
"We chose Golub Capital to lead the transaction because they have a deep expertise in the technology sector and have been a trusted lender to Syncsort since 2010. The Golub Capital team's knowledge, relationship and familiarity with the Company enabled us to move quickly, while providing certainty and efficiency. We look forward to working with them again on future transactions," said Behdad Eghbali and Prashant Mehrotra at Clearlake Capital Group.
Golub Capital's award winning middle-market lending team structures financing solutions with hold positions of up to $300 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. Golub Capital has been a top 3 US Middle Market Bookrunner each year from 2008 through Q3 2015 for senior secured loans of up to $500 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).
Golub Capital is a nationally recognized credit asset manager with over $15 billion of capital under management. Golub Capital has four highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Late Stage Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital's lending offices are located in Chicago, New York, San Francisco and Charlotte.
Clearlake Capital Group, L.P. is a private investment firm with a sector-focused approach. The firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational and strategic expertise. The firm's core target sectors include industrials, energy and power; technology, communications and business services; and consumer products and services. Clearlake currently has over $3.2 billion of assets under management.