THE MIDDLE MARKET LENDING BUSINESS COMBINES BEST IN CLASS RELIABILITY WITH EXPERIENCED PROFESSIONALS FOCUSED ON ESTABLISHING LONG-TERM PARTNERSHIPS.

Golub Capital’s award-winning Middle Market Lending team structures financing solutions with hold positions of up to $400 million. We also underwrite and syndicate senior credit facilities and a proprietary suite of GOLD (unitranche) facilities up to $750 million.

OUR EDGE

The Middle Market Lending business combines best in class reliability with experienced professionals who are focused on establishing long-term partnerships. We utilize the strength and robustness of the Golub Capital institutional platform and combine it with agility to provide the flexible, custom financing solutions required by private equity sponsors and their portfolio companies.

RELENTLESS PROFESSIONALISM

Golub Capital’s Middle Market Lending team has an outstanding track record of closing deals on time and at the terms proposed. We strive to maximize the likelihood of our borrowers’ success as a reliable, preferred lender. We utilize deep industry knowledge to identify, advise on and implement value creation strategies. We provide prompt decisions and detailed feedback.

Golub Capital’s Middle Market Lending team has closed hundreds of loans in the following industries:

  • Specialty Manufacturing
  • Business Services
  • Consumer Products and Services
  • Food and Beverages
  • Aerospace and Defense
  • Value-Added Distribution

We also have specialty teams in the following verticals:

We closed four transactions with Golub Capital in the past few years and the relationship is strong. Golub Capital’s reliability, flexibility and ease of execution are all important factors in our selection of lead debt providers and Golub delivers on all three.
DORIAN FAUST, PARTNER
GRYPHON INVESTORS

BUY AND HOLD LENDING

  • EBITDA typically ranging between $5 million to $100 million
  • Typical hold size: $20 million to $400 million
    • GOLD (one-stop) facilities
    • Senior debt
    • Second lien and subordinated debt
  • Equity Co-Investments: up to $25 million

CAPITAL MARKETS

Golub Capital Middle Market Lending underwrites and arranges senior and GOLD (one-stop) facilities that are tailored to each deal and reflect each client’s structural desires. We have significant Lead and Joint Bookrunner experience and a proven track record of structuring deals that appeal to a broad base of participants.

  • EBITDA: $25 million to $100 million
  • Underwrite and arrange facilities up to $750+ million
    • GOLD (one-stop) facilities
    • Senior debt

CLUB FINANCE

Golub Capital Middle Market Lending provides senior debt in club transactions led by high quality middle market arrangers, typically in syndicates ranging from 2–10 senior lenders.

  • EBITDA: $5 million and $50+ million
  • $5 million to $50 million Golub Capital participation

SALES & TRADING

Golub Capital’s Sales & Trading team is responsible for managing and expanding relationships with buyers of leveraged loans, identifying and executing secondary market opportunities within and outside of the current Golub Capital portfolio, and providing insights on underwriting and financial structures for LBOs, recapitalizations and refinancings.

Golub Capital has proven to be a thoughtful and flexible financing partner on this and other transactions. They’ve once again demonstrated their acumen in structuring and syndicating a complex debt structure in a public to private transaction. Golub always adds value beyond the capital they provide.
Charles Goldman, Managing Director
Mill Road Capital

HEALTHCARE

Our Middle Market Lending Healthcare Finance team delivers advantage to our clients by combining our deep industry knowledge and focus with customized, flexible financing solutions.

Recent Transactions

UNDISCLOSED

GOLD Facility*December 2016Administrative Agent, Sole BookrunnerThomas H. Lee Partners

UNDISCLOSED

Senior Credit FacilityMay 2016Administrative Agent, Joint BookrunnerHarvest Partners

UNDISCLOSED

GOLD Facility* | Co-Investment EquityAugust 2016Administrative Agent, Sole BookrunnerLinden Capital Partners

UNDISCLOSED

Gold Facility* | Co-Investment EquityMay 2016Administrative Agent, Sole BookrunnerCressey & Company

$190,000,000

GOLD Facility* | Co-Investment EquityJuly 2015Administrative Agent, Joint BookrunnerHarvest Partners

UNDISCLOSED

GOLD Facility* | Co-Investment EquityDecember 2015Administrative Agent, Sole Lead ArrangerAudax Private Equity

UNDISCLOSED

Gold Facility* | Co-Investment EquityJune 2016Administrative Agent, Sole BookrunnerFlexpoint Ford, LLC

UNDISCLOSED

Senior Credit Facility | Co-Investment EquityOctober 2015Administrative Agent, Sole BookrunnerCortec Group

UNDISCLOSED

GOLD Facility*May 2016Administrative Agent, Joint BookrunnerABRY Partners
* GOLD facilities are Golub Capital One-Loan Debt (one-stop) facilities.

SECTORS

Golub Capital Healthcare Finance serves:

  • Medical devices and instruments
  • Medical products and disposables
  • Dental practice management
  • Multi-site treatment centers
  • Outsourced services
  • Healthcare IT
  • Contract manufacturing
  • Dialysis
  • Outpatient therapy/rehab
  • Hospice
  • Wound care
  • Specialty pharma

BORROWER INVESTMENT ATTRIBUTES

  • EBITDA typically between $7 million and $50 million
  • Market leader in a defensible niche with defined technology risk
  • Sustainable points of differentiation or regional density with coveted assets
  • Solid diversity along customer, payor, product and service channels
  • Stable regulatory environment and reimbursement outlook
  • Defined recurring revenue model

GOLUB CAPITAL HEALTHCARE FINANCE SOLUTIONS

  • Customarily act as Agent
  • Hold sizes range between $20 million and $400 million; full underwritings for loans up to $750 million
  • Invest in GOLD, senior, last out senior and junior debt facilities —each typically with an equity co-investment
  • Flexible structures that accommodate a private equity sponsor’s core investment thesis, including acquisition capacity and low mandatory amortization
  • Competitive pricing

CONTACT US

For more information on Golub Capital Healthcare Finance, please contact Stefano Robertson.

Golub Capital demonstrated its expertise in healthcare investing, providing a flexible yet definitive capital solution to support our needs. We are excited to have them as a partner as we continue to build on our existing platform.
Matt Blevins, Principal
Clearview Capital

CONSUMER, RESTAURANT & RETAIL

Golub Capital Middle Market Lending invests in growing restaurant, retail and franchising businesses as a core focus. We specialize in financing proven middle market brands with multiple unit locations.

UNDISCLOSED

GOLD Facility*October 2016Administrative Agent, Joint BookrunnerRoark Capital

$66,500,000

GOLD Facilty* | Co-Investment EquitySeptember 2016Administrative Agent, Sole BookrunnerCenterOak Partners

$605,000,000

GOLD Facility*July 2016Administrative Agent, Sole BookrunnerRoark Capital Group

$280,000,000

GOLD Facilty* | Co-Investment EquityJuly 2016Administrative Agent, Joint BookrunnerFreeman Spogli & Co.

UNDISCLOSED

GOLD Facility*March 2016Administrative Agent, Sole BookrunnerRoark Capital

UNDISCLOSED

GOLD Facility* | Co-Investment EquityFebruary 2016Administrative Agent, Sole BookrunnerJ.W. Childs Associates, L.P.

UNDISCLOSED

GOLD Facility* | Co-Investment EquityNovember 2015Administrative Agent, Sole BookrunnerBrentwood Associates

UNDISCLOSED

Senior Credit FacilityFebruary 2016Administrative Agent, Sole BookrunnerKKR & Co., L.P.

$167,500,000

GOLD Facility*August 2015Administrative Agent, Sole BookrunnerBrentwood Associates
* GOLD facilities are Golub Capital One-Loan Debt (one-stop) facilities.

BORROWER INVESTMENT ATTRIBUTES

  • Consistent track record of growth
  • Strong same store sales performance through economic cycles
  • Dominant market position
  • Differentiated concept with a clear value proposition to its customers
  • Experienced management team with a proven track record of success
  • Minimum of 15 units and EBITDA of $5 million

GOLUB CAPITAL RESTAURANT, RETAIL & FRANCHISE FINANCE SOLUTIONS

  • Customarily act as Agent
  • Hold sizes range from $20 million to $400 million; full underwritings for loans up to $750 million
  • Invest in senior, last out senior, second lien, mezzanine and GOLD facilities — each typically with an equity co-investment
  • Flexible structures that accommodate a private equity sponsor’s core investment thesis, including acquisition and unit growth capacity and low mandatory amortization
  • Competitive market pricing

CONTACT US

For more information on Golub Capital Restaurant, Retail and Franchisor Finance, please contact Matt Fulk or Greg Cashman.

Golub Capital provided a compelling debt financing solution for Marshall Retail Group, with the flexibility required to meet long-term growth plans. Golub Capital’s GOLD product also streamlined the entire debt financing process and helped us close our acquisition of MRG under a highly accelerated time frame.
TOROS YEREMYAN, PRINCIPAL
BRENTWOOD ASSOCIATES

SOFTWARE & TECHNOLOGY SERVICES

We know that private equity sponsors and technology companies demand a value-added partner with the expertise to provide financing that is as innovative as their businesses. The Software and Technology Services team maintains a deep knowledge of specific sectors, trends, revenue models and accounting policies within the technology industry. We close on time on the terms we proposed providing private equity sponsors and technology companies with certainty around their financing structure.

$435,000,000

Senior Credit FacilityFebruary 2017Joint Lead Arranger, Joint BookrunnerVista Equity Partners

$1,100,000,000

Senior Credit FacilityJanuary 2017Joint Lead Arranger, Joint BookrunnerClearlake Capital

$434,000,000

Senior Credit FacilityNovember 2016Sole Lead Arranger, Sole BookrunnerGI Partners

UNDISCLOSED

GOLD Facility*October 2016Administrative Agent, Sole BookrunnerThe Carlyle Group

$1,075,000,000

GOLD Facility*August 2016Co-Lead Arranger, Joint BookrunnerThoma Bravo

$42,000,000

Late Stage Lending FacilityAugust 2016Administrative Agent, Sole Lead ArrangerJMI Equity

$192,400,000

Senior Credit FacilityJune 2016Administrative Agent, Joint BookrunnerProvidence Equity Partners

UNDISCLOSED

Late Stage Lending FacilityJune 2016Administrative Agent, Sole BookrunnerInsight Venture Partners

$293,000,000

GOLD Facility* | Co-Investment EquityApril 2016Administrative Agent, Sole BookrunnerInsight Venture Partners
* GOLD facilities are Golub Capital One-Loan Debt (one-stop) facilities.

SECTORS

Golub Capital Software and Technology Services Finance serves an expanding base of related sectors, including:

  • Software
  • Data storage and hosting
  • Internet, e-commerce and digital media
  • Business process outsourcing
  • IT services
  • Data analytics

BORROWER INVESTMENT ATTRIBUTES

  • EBITDA typically between $5 million and $50 million
  • Defined recurring revenue model
  • Market leader in a defensible niche
  • Sustainable points of differentiation
  • Solid diversity along customer, product and service channels

GOLUB CAPITAL SOFTWARE AND TECHNOLOGY FINANCE SOLUTIONS

  • Customarily act as Agent
  • Hold sizes range from $20 million to $400 million; full underwritings for loans up to $750 million
  • Invest in GOLD, senior, last out senior and junior debt facilities — each typically with an equity co-investment
  • Flexible structures that accommodate a private equity sponsor’s core investment thesis including acquisition capacity and low amortization requirements
  • Competitive market pricing

CONTACT US

For more information on Golub Capital Software and Technology Services Finance, please contact Rob Tuchscherer or Spyro G. Alexopoulos.

Consistent with our past experiences, Golub Capital’s deep understanding of the software and technology services industry, ability to offer value-added financing solutions across the capital structure, and efficient execution led to a smooth closing. We look forward to closing additional transactions with Golub Capital in the future.
Chelsea Stoner, General Partner
Battery Ventures

$435,000,000

Senior Credit FacilityFebruary 2017Joint Lead Arranger, Joint BookrunnerVista Equity Partners

$1,100,000,000

Senior Credit FacilityJanuary 2017Joint Lead Arranger, Joint BookrunnerClearlake Capital

UNDISCLOSED

GOLD Facility*December 2016Administrative Agent, Sole BookrunnerThomas H. Lee Partners

$434,000,000

Senior Credit FacilityNovember 2016Sole Lead Arranger, Sole BookrunnerGI Partners

UNDISCLOSED

GOLD Facility*October 2016Administrative Agent, Sole BookrunnerThe Carlyle Group

$1,075,000,000

GOLD Facility*August 2016Co-Lead Arranger, Joint BookrunnerThoma Bravo

$66,500,000

GOLD Facilty* | Co-Investment EquitySeptember 2016Administrative Agent, Sole BookrunnerCenterOak Partners

UNDISCLOSED

GOLD Facility* | Co-Investment EquityAugust 2016Administrative Agent, Sole BookrunnerLinden Capital Partners

$42,000,000

Late Stage Lending FacilityAugust 2016Administrative Agent, Sole Lead ArrangerJMI Equity

$605,000,000

GOLD Facility*July 2016Administrative Agent, Sole BookrunnerRoark Capital Group

$280,000,000

GOLD Facilty* | Co-Investment EquityJuly 2016Administrative Agent, Joint BookrunnerFreeman Spogli & Co.

$130,000,000

GOLD Facility*June 2016Administrative Agent, Sole BookrunnerSnow Phipps Group

UNDISCLOSED

Senior Credit Facility | Co-Investment EquityJune 2016Administrative Agent, Joint BookrunnerFreeman Spogli & Co.

$192,400,000

Senior Credit FacilityJune 2016Administrative Agent, Joint BookrunnerProvidence Equity Partners

UNDISCLOSED

Late Stage Lending FacilityJune 2016Administrative Agent, Sole BookrunnerInsight Venture Partners
* GOLD facilities are Golub Capital One-Loan Debt (one-stop) facilities.