NEW YORK, July 17, 2024 — Golub Capital acted as Administrative Agent, Left Lead Arranger and Sole Bookrunner on a unitranche facility to support TA Associates’ acquisition of Community Brands’ Association & Events (“A&E”) and Nonprofit Solutions divisions. Terms of the deal were not disclosed.
The acquired A&E and Nonprofit Solutions division will form the basis of TA’s newly-created strategic platform, Momentive Software. Momentive is dedicated to providing purpose-driven organizations with the cloud-based software, services and payment solutions needed to move their missions forward.
The unitranche facility is composed of a revolver, term loan and delayed draw term loan. Golub Capital’s capital markets team successfully lead an oversubscribed syndication of a group of 15 diverse lenders.
Golub Capital has been a lender to Community Brands since 2018, and has a longstanding relationship with TA. As of June 30, 2024, Golub Capital has over $29 billion of software and technology capital under management across 185 active portfolio companies.
About Golub Capital Sponsor Finance
Golub Capital is a market-leading, award-winning direct lender and experienced private credit 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 April 1, 2024, Golub Capital had over 925 employees and over $70 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe and Asia. For more information, please visit golubcapital.com.
About Momentive Software (formerly Community Brands)
Momentive Software amplifies the impact of over 30,000 purpose-driven organizations in over 30 countries. Mission–driven organizations and associations rely on the company’s cloud-based software and services to solve their most critical challenges: engage the people they serve, simplify operations, and grow revenue. Built with reliability at the core and strategically focused on events, careers, fundraising, financials, and operations, our solutions suite is bound by a common purpose to serve the organizations that make our communities a better place to live. Learn more at communitybrands.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. For more information, visit: www.ta.com.