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Golub Capital Acts as a Lender to GGW Group

LONDON, May 28, 2024 — Golub Capital participated as a Lender on a unitranche facility to support Permira’s acquisition of GGW Group. Existing owner Hg, a leading investor in European and transatlantic software and services businesses, will retain a co-controlling stake. Additional terms of the deal were not disclosed. 

GGW Group is one of the leading European insurance brokerage platforms for small and medium-sized enterprises. It was formed with Hg’s support in 2020. 

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

Golub Capital has completed more than 20 insurance brokerage transactions since 2018. This is the Firm’s first transaction with Permira. 

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. 

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 

About GGW Group
The GGW Group is a group of highly qualified and owner-managed insurance brokers, bundled under the umbrella brand LEADING BROKERS UNITED, and high-profile MGA´s, bundled under WECOYA UNDERWRITING. The independence and entrepreneurial freedom of the individual companies and the bundling of their expertise, which has grown over 265 years, are key features of the GGW Group. The GGW Group was founded at the beginning of 2020, has since acquired more than 50 partner companies and employs today more than 1,700 people. The company is headquartered in Hamburg. 

About Permira
Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds with total committed capital of approximately €80bn and makes long-term majority and minority investments across two core asset classes, private equity and credit. The Permira private equity funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Healthcare and Services. 

The Permira funds have an extensive track record in the Services sector, having invested more than €12bn in 40 high growth companies across a range and industry verticals, including industrial, financial and business services. Permira employs over 500 people in 15 offices across the United States, Europe and Asia. 

The Permira funds have previously backed and helped scale some of the largest and fastest-growing tech-enabled services businesses globally, including Safti, Klarna, Alter Domus, Tricor, Kroll, Relativity and Lytx. For more information, visit www.permira.com 

About Hg
Hg supports the building of sector-leading enterprises that supply businesses with critical software applications or workflow services, delivering a more automated workplace for their customers.

This industry is characterised by digitization trends that are in early stages of adoption and are set to transform the workplace for professionals over decades to come. Hg’s support combines deep end-market knowledge with world class operational resources, together providing compelling support to entrepreneurial leaders looking to scale their business – businesses that are well invested, enduring and serve their customers well.

With a vast European network and strong presence across North America, Hg’s 400 employees and around $70 billion in funds under management support a portfolio of around 50 businesses, worth over $140 billion aggregate enterprise value, with around 110,000 employees, consistently growing revenues at more than 20% annually. Additional information is available at www.hgcapital.com 

Golub Capital Acts as a Lender to GGW Group

Press Release
May 28, 2024