Press Release - Golub Capital

NEW YORK, March 31, 2024/ TOKYO, April 1, 2024 – Golub Capital today announced that Shuji Hatsukaiwa has joined as Managing Director, Japan and will be based in the Firm’s newly-opened Tokyo office. In his new role, he will be focused on deepening relationships with investors across Japan.

“Japan is a key market for Golub Capital as we continue to expand our global presence and strengthen our commitment to investors in the APAC region,” said Craig Benton, Senior Managing Director, Head of the Investor Partners Group at Golub Capital.

Shuji has been based in Tokyo for most of his career. He most recently served as Head of Alternative Sales and Product at Schroder Investment Management (Japan) Limited where he was responsible for business development for alternative product offerings.

“Shuji brings deep institutional and wealth investor connections and has proven local market experience that will be critical as Golub Capital continues to build on its 20 year-long history of serving clients in Japan,” added Gregory Robbins, Vice Chair at Golub Capital.

“I am delighted to join Golub Capital and help build on its already sterling reputation in the Japan region as a leading private credit Firm,” said Shuji Hatsukaiwa, Managing Director, Japan at Golub Capital.

Golub Capital has made several strategic hires focused on investors in the APAC region, most recently in Seoul and Hong Kong, as part of the Firm’s continued commitment to provide compelling solutions for all of its stakeholders.

About Golub Capital
Golub Capital is a market-leading, award-winning direct lender and experienced credit asset manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Our sponsor finance expertise also forms the foundation of our Broadly Syndicated Loan and Credit Opportunities investment programs. We nurture long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors.

As of January 1, 2024, Golub Capital had over 875 employees and over $65 billion of capital under management, a gross measure of invested capital including leverage. For more information, please visit golubcapital.com.

LONDON, March 18, 2024 — Golub Capital acted as Sole Lender on a recurring revenue facility to support the refinancing and acquisition strategy of Hornetsecurity. Hornetsecurity, a Germany-based global cybersecurity leader, recently announced its acquisition of French cybersecurity company Vade. Additional terms of the deal were not disclosed.

Hornetsecurity is a leading provider of cloud-based security solutions for email and data protection. The Company is backed by TA, Verdane and PSG Equity.

The recurring revenue facility is comprised of a term loan, a revolver and a multi-currency delayed draw term loan.

Since 2018, Golub Capital has provided more than $12 billion in financing commitments to TA. This is the Firm’s first transaction with Verdane and PSG Equity, respectively.

About Golub Capital Sponsor Finance
Golub Capital is a market-leading, award-winning direct lender and experienced credit asset manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. The firm’s Direct Lending group provides buy-and-hold financing for sponsor-backed transactions with hold positions up to $700 million and arranges syndicated credit facilities up to $2 billion.

About Hornetsecurity
Hornetsecurity is a leading global provider of next-generation cloud-based security, compliance, backup, and security awareness solutions that help companies and organizations of all sizes around the world. Its flagship product, 365 Total Protection, is the most comprehensive cloud security solution for Microsoft 365 on the market. Driven by innovation and cybersecurity excellence, Hornetsecurity is building a safer digital future and sustainable security cultures with its award-winning portfolio. Hornetsecurity operates in more than 120 countries through its international distribution network of 12,000+ channel partners and MSPs. Its premium services are used by more than 75,000 customers.

About TA
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries—technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.

About Verdane
Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses. Verdane can invest as a minority or majority investor, either in single companies or through portfolios of companies, and looks to deploy inside two core growth themes; digitalisation and decarbonisation.

Verdane funds hold over €6.9 billion in total commitments and have made over 400 investments in fast-growing businesses since 2003. Verdane’s team of over 140 investment professionals and operating experts, based out of Berlin, Munich, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the preferred growth partner to tech-enabled and sustainable businesses in Europe.

Verdane is also a certified B Corporation, the most ambitious sustainability accreditation globally. The firm only backs businesses that pass its 2040 test, which indicates whether the company can thrive in a more sustainable future economy. Verdane is partly owned by the Verdane Foundation, which is focused on focused on two areas: climate change and more equitable and inclusive local communities.

About PSG Equity
PSG is a growth equity firm that partners with software and technology-enabled services companies to help them navigate transformational growth, capitalize on strategic opportunities and build strong teams. Having backed more than 130+ companies and facilitated over 470+ add-on acquisitions, PSG brings extensive investment experience, deep expertise in software and technology, and a firm commitment to collaborating with management teams. Founded in 2014, PSG operates out of offices in Boston, Kansas City, London, Madrid, Paris and Tel-Aviv. To learn more about PSG, visit www.psgequity.com.

The Firm was named PDI’s Lender of the Year, Senior Lender of the Year and BDC Manager of the Year in the Americas

NEW YORK, March 1, 2024 – Golub Capital was named Lender of the Year, Senior Lender of the Year and BDC Manager of the Year in the Americas by Private Debt Investor (PDI). These awards follow PDI’s recognition of Golub Capital as Lender of the Decade, Americas and Senior Lender of the Decade, Americas in 2023. The Firm has received a total of 24 PDI awards since their inception in 2013.

“We are honored to be recognized again for our leadership in private credit and would like to thank our partners for their continued support,” said David Golub, President of Golub Capital. “We believe these award wins reflect the strength of the Golub Capital platform and our dedication over the past 30 years to being the best in sponsor finance.”

This is the seventh time that Golub Capital has been named Lender of the Year, Americas and the sixth time the Firm has been named Senior Lender of the Year, Americas. Golub Capital has received four PDI awards for BDC of the Year, Americas or BDC Manager of the Year, Americas.

The annual PDI Awards recognize fund managers, investors and those working in advisory roles assisting the global private debt industry. Winners are voted on by thousands of PDI’s industry readers, making them determined solely by the industry for the industry. Golub Capital also was named Lender of the Decade and Senior Lender of the Decade in June 2023 for being the firm with the most PDI award wins in those categories since 2013.

LONDON, February 19, 2024 — Golub Capital acted as Sole Lender on a unitranche facility to support the acquisition of Agilio Software (“Agilio”) by Five Arrows and TA Associates (“TA”). Terms of the deal were not disclosed.

Agilio is a leading provider of healthcare operations software to the dental, primary care, hospital and veterinary sectors in the U.K.

“Unitranche facilities continue to be favored by sponsors who are focused on buy-and-build strategies because of the scalability and flexibility this solution offers throughout a portfolio company’s growth,” said Tara Moore, Managing Director and Head of European Originations at Golub Capital. “We are delighted to lead this transaction to support the acquisition of Agilio, which maintains an impressive growth trajectory.”

The unitranche facility is composed of a revolver, term loan and a delayed draw term loan.

As of January 1, 2024, Golub Capital has completed over 70 platform and add-on transactions with software and technology companies in the last 12 months.

About Agilio Software
Agilio Software is a UK market leader in frontline healthcare operations software; many GPs in England use an Agilio system and it works with many of the top 10 Dental Service Organisations (DSOs). Its mission is to free up time for patient care by digitising critical operational functions such as people management, compliance and clinical asset tracking. It has recently expanded into the veterinary sector and in 2022 completed its first international acquisition, in the Netherlands. www.agiliosoftware.com

About Five Arrows
Five Arrows is the alternative assets arm of Rothschild & Co and has €26 billion AuM with offices in Paris, London, New York, Los Angeles, San Francisco and Luxembourg. With over €9 billion of assets under management, the corporate private equity business of Five Arrows is focused on investing in companies with highly defensible market positions; strong management teams; business models with high visibility of organic unit volume growth and strong unit economics; and multiple operational levers that can be used to unlock latent value. Sectors are limited to data & software, technology-enabled business services and healthcare. For more information, please visit www.rothschildandco.com/en/five-arrows/corporate-private-equity.

CHICAGO, February 15, 2024 — Golub Capital acted as Administrative Agent, Left Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of CollisionRight by Summit Partners. The proceeds will be used to help support CollisionRight’s growth plan, which is focused on acquiring and operating high-quality, customer-friendly collision repair shops across the Central United States and Mid-Atlantic regions. Terms of the deal were not disclosed.

CollisionRight was founded in 2020 and is one of the leading consolidators and providers of collision repair services in the United States. Golub Capital has been a lender to CollisionRight since 2022.

The senior secured credit facility is composed of a revolving credit facility, term loan and delayed draw term loan.

About CollisionRight
CollisionRight is a leading provider of automotive collision repair services through a network of 89 facilities across nine states including Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee and West Virginia. CollisionRight differentiates itself through a passion for quality repair work, backed by heavy investment in state-of-the-art equipment, facilities, technician training and auto manufacturer certifications. CollisionRight shops repair over 90,000 cars per year and maintain over 100 direct repair programs with insurance carriers. The Company maintains strong relationships with insurance carriers, who generate approximately 90% of the Company’s sales. The Company is based in Dublin, Ohio. For more information, please visit www.CollisionRight.com.

The Firm was recognized as the ‘Best of the Best’ Asset Manager in the Private Debt Mid-Cap asset class.

NEW YORK, February 7, 2024 – Golub Capital was named 2023 ‘Best of the Best’ asset manager in Private Debt Mid-Cap by Korea Economic Daily (KED).

The awards recognize the top performing asset managers based on a comprehensive survey of asset owners in Korea including pensions, sovereign wealth funds, mutual aids, insurance companies and major banks. Winners are determined across three categories – Performance, Operational Excellence and Client Service. The highest-voted asset manager across all categories is then named the ‘Best of the Best’ asset manager by KED.

“We are honored to be recognized for these awards by our Korean clients and investors,” said David Golub, President at Golub Capital. “We have long-standing, deep partnerships in the Korean market and look forward to building on the shared success achieved to date.”

“On behalf of the Korean Economic Daily, we extend our congratulations to Golub Capital for earning the ‘Best of the Best’ award in the Private Debt Mid-Cap asset class through the competitive selection process with major institutional investors in Korea for 2023. These awards express sincere gratitude to global asset managers for their crucial role in optimizing risk-adjusted returns on Korean citizens’ overseas retirement savings.” said Jin Hyoung Cho, Head of Market Insight and senior journalist at The Korea Economic Daily.

Golub Capital was named Best Asset Manager in the Operational Excellence category in 2022 and Best Asset Manager in the Best Performance category in 2020 respectively for the Private Debt asset class.

As of January 1, 2024, Golub Capital had over 875 employees and over $65 billion of capital under management, a gross measure of invested capital including leverage. The firm has office locations across North America, Europe and Asia. For more information, please visit golubcapital.com.

NEW YORK, February 06, 2024 — Golub Capital acted as Administrative Agent, Left Lead Arranger and Joint Bookrunner on a $1.15 billion recurring revenue facility to support the acquisition of EngageSmart, Inc. (“EngageSmart”) by an affiliate of Vista Equity Partners. The proceeds will be used to take EngageSmart private. General Atlantic will retain minority ownership.

EngageSmart is a leading provider of vertically tailored customer engagement software and integrated payments solutions. EngageSmart was founded in 2009 under the name InvoiceCloud and has been traded on the New York Stock Exchange since 2021.

The reccurring revenue facility is composed of a $100 million revolving credit facility and a $1.05 billion term loan.

Golub Capital has partnered with Vista Equity Partners on nearly 50 transactions for 25 unique portfolio companies since 2018.

About EngageSmart
EngageSmart is a leading provider of vertically tailored customer engagement software and integrated payments solutions. At EngageSmart, our mission is to simplify customer and client engagement to allow our customers to focus resources on initiatives that improve their businesses and better serve their communities. EngageSmart offers single instance, multi-tenant, true Software-as-a-Service (“SaaS”) vertical solutions, including SimplePractice, InvoiceCloud, and DonorDrive, that are designed to simplify our customers’ engagement with their clients by driving digital adoption and self-service. As of September 30, 2023, EngageSmart serves 116,200 customers in the SMB Solutions segment and 3,400 customers in the Enterprise Solutions segment across several core verticals: Health & Wellness, Government, Utilities, Financial Services, and Giving. For more information, visit www.engagesmart.com and follow us on LinkedIn.

LONDON, February 5, 2024 — Golub Capital acted as Sole Lender on a senior credit facility to support Thoma Bravo’s take private acquisition of German company EQS Group AG (“EQS”). Proceeds of the transaction will be used to fund future growth initiatives and provide capital for potential add-on acquisitions.

EQS is a leading international cloud provider in corporate compliance, investor relationships and sustainability (ESG) reporting.

“There is a growing interest for take-privates in the European market, with direct lenders being in an advantageous position to provide the financing solutions needed by sponsors to acquire high-quality assets like EQS,” said Tara Moore, Managing Director and Head of European Originations at Golub Capital. “We are honored to expand our partnership with Thoma Bravo and to be able to deliver on our first take-private financing in the German market.”

The Thoma Bravo acquisition will provide additional operational and software industry expertise, enhanced financial flexibility and strategic support to fully seize the long-term growth opportunity in the rapidly growing European compliance market.

“We are pleased to leverage Golub Capital’s capabilities beyond the U.S., to also provide capital to businesses in Europe,” said Irina Hemmers, Partner at Thoma Bravo.

Golub Capital has completed 40 transactions with Thoma Bravo since 2018. EQS Group marks the Firm’s first transaction with Thoma Bravo’s new London office.

As of January 1, 2024, Golub Capital had over 875 employees and over $65 billion of capital under management, a gross measure of invested capital including leverage. The firm has lending offices in New York, Chicago, Miami, San Francisco, London, Seoul and Hong Kong. For more information, please visit golubcapital.com.

About EQS
EQS is a leading international cloud provider in the fields of corporate compliance, investor relations and ESG. Working with EQS, more than 10,000 companies worldwide inspire trust by fulfilling complex regulatory requirements in a reliable and secure manner, minimizing risks and communicating their business success and its impact on society and the climate transparently to stakeholders. EQS’s products are pooled in the cloud-based software EQS COCKPIT. This platform ensures the professional handling of compliance workflows in the fields of whistleblower protection and case management, policy management, business approvals, third party management, insider list management and disclosure obligations. Listed companies benefit from a global newswire, investor targeting and contact management, IR websites, digital reports and webcasts for efficient and secure investor communications. In addition, EQS offers software for the management of ESG (environment, social, governance) data, the fulfilment of human rights due diligence obligations along corporate supply chains and for rule-compliant sustainability reporting. EQS was founded in 2000 in Munich, Germany. Today the group employs around 600 professionals and has offices in the world’s key financial markets.

About Thoma Bravo
Thoma Bravo is one of the largest software investors in the world, with approximately US$134 billion in assets under management as of 30 September 2023. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20 years, the firm has acquired or invested in more than 455 companies representing over US$255 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

LONDON, February 5, 2024 — Golub Capital acted as Joint Lead Arranger on a unitranche facility to support the organic and inorganic growth strategy of German insurance broker MRH Trowe, a portfolio company of TA Associates (“TA”) and AnaCap.

MRH Trowe is one of the largest independent property and casualty commercial insurance brokers in Germany, with a highly diversified client base and a strong financial profile. AnaCap originally invested in MRH Trowe in 2020, followed by a minority investment by TA in March of 2023.

“Insurance brokerage deal activity continues to pick up in Europe, with a large portion of those deals being driven by sponsors who are drawn to the scalability of insurance business models,” said Tara Moore, Managing Director and Head of European Originations at Golub Capital. “We expect this trend to continue and are pleased to support TA and AnaCap, and to be a part of MRH Trowe’s continued growth.”

The unitranche facility is structured as a delayed draw term loan. Golub Capital joins existing lenders to support this add-on transaction.

“We welcome the new partnership with Golub Capital and look forward to deepening the relationship as our business continues to grow” said Ralph Rockel, Chief Executive Officer of MRH Trowe.

Golub Capital has completed more than 20 insurance brokerage platform investments since 2018; this is the Firm’s third investment in Europe.

About MRH Trowe
MRH Trowe is one of the ten largest German industrial brokers. Under the umbrella of Mesterheide Rockel Hirz Trowe AG Holding, several specialized service providers for different segments operate alongside MRH Trowe Insurance Brokers GmbH. MRH Trowe offers comprehensive expertise in virtually all lines of insurance for industrial and commercial clients, institutions and upscale private clients. The owner-managed company pursues a consistent growth course with a holistic range of consulting services, specialized expert teams and a high degree of digitalization at the interfaces of clients, brokers and insurers. Around 1,100 employees manage a premium volume of more than 650 million euros. www.mrh-trowe.com

About TA
TA is a leading global private equity firm focused on scaling growth in profitable companies. Since 1968, TA has invested in more than 560 companies across its five target industries – technology, healthcare, financial services, consumer and business services. Leveraging its deep industry expertise and strategic resources, TA collaborates with management teams worldwide to help high-quality companies deliver lasting value. The firm has raised $65 billion in capital to date and has over 150 investment professionals across offices in Boston, Menlo Park, Austin, London, Mumbai and Hong Kong. More information about TA can be found at www.ta.com.

About AnaCap Financial Partners
AnaCap is a market-leading partner for founders and entrepreneurial management teams, investing in lower mid-market Services, Software and Technology within the European financial ecosystem.

The firm has raised ~€3 billion of capital and deployed successfully into a strong strategy with 50+ deals across Western and Northern Europe since 2016.

AnaCap’s focus is on lower mid-market buyouts, management buy-in or buy-outs of businesses in need of capital, expertise and sophistication to execute organic and inorganic strategies. www.anacap.com

NEW YORK, January 31, 2024 — Golub Capital acted as Administrative Agent and Sole Lead Arranger on a $2.11 billion unitranche facility to refinance Aptean’s existing first lien and second lien broadly syndicated loan facilities.

Aptean is a leading global provider of mission critical, vertical-market-focused enterprise resource planning software primarily for small and medium sized manufacturing businesses.

“Sponsors are increasingly turning to private credit to support larger unitranche facilities, in part because of the growth of the industry and the ability of firms like ours to provide scalable financing solutions to resilient businesses,” said Spyro Alexopoulos, Co-Head of Direct Lending at Golub Capital.

The $2.11 billion unitranche facility is comprised of a $150 million revolving credit facility, $1.66 billion term loan and $300 million delayed draw term loan.

“Golub Capital has consistently been a reliable financing partner and we are thrilled to continue our partnership on this latest transaction,” said Tony Marsh, Managing Director and Chief Capital Markets Officer at TA. “They were uniquely positioned to lead this transaction because of their outstanding capital markets execution capabilities and software experience.”

Golub Capital has been Administrative Agent to Aptean since 2019. Since then, Golub Capital has led more than 10 transactions and helped grow the facility size from $650 million to over $1.7 billion before being refinanced this month.

As of January 1, 2024, Golub Capital had over 875 employees and over $65 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in New York, Chicago, Miami, San Francisco, London, Seoul and Hong Kong. For more information, please visit golubcapital.com.

About Aptean
Aptean is one of the world’s leading providers of purpose-built, industry-specific software that helps manufacturers and distributors effectively run and grow their businesses. With both cloud and on-premise deployment options, Aptean’s products, services and unmatched expertise help businesses of all sizes to be Ready for What’s Next, Now®. Aptean is headquartered in Alpharetta, Georgia and has offices in North America, Europe and Asia-Pacific. To learn more about Aptean and the markets we serve, visit www.aptean.com.

About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2022, the firm has over $75B in regulatory assets under management. Insight Partners has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with right-sized, right-time practical, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

About Charlesbank Capital Partners
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with more than $15 billion of capital raised since inception. Charlesbank focuses on management-led buyouts and growth capital financings, as well as opportunistic credit and technology investments. The firm seeks to build companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit www.charlesbank.com.