SAN FRANCISCO, Sept. 30, 2015 /PRNewswire/ — Golub Capital announced today that as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, its Late Stage Lending group (“LSL”) provided growth financing to support Steelwedge Software, Inc. (“Steelwedge” or the “Company”), a portfolio company of Mainsail Partners and Camden Partners.
Steelwedge’s cloud platform aligns planning across sales, product, finance and supply chain operations so that organizations can be ready to act in time with opportunity, especially in highly competitive markets where continuous forecasting is essential and responding efficiently to changing conditions is critical. The Company’s solution combines both predictive and responsive technology to help top global brands collaborate across functions, channels, customers and suppliers to synchronize demand, supply, strategy, operations and financial decisions.
This is the first transaction between Golub Capital, Mainsail Partners, and Camden Partners.
“Steelwedge is a clear leader in the supply chain planning sector that provides mission critical SaaS-based software solutions with meaningful ROI to customers. We’re very excited about the trajectory of the firm under CEO Pervinder Johar, and look forward to supporting Steelwedge through its next phase of growth,” said Golub Capital Managing Director Peter Fair.
“Golub Capital was able to offer a highly flexible financing solution through the LSL platform that was particularly compelling to us as a growth stage investor,” said Jason Payne, Managing Partner at Mainsail Partners. “We were impressed with the LSL group’s deep experience in the software sector and with their ability to close quickly and efficiently, as promised. The additional capital will enable Steelwedge to continue to execute on its growth strategy, and we look forward to Golub remaining a strong partner to Mainsail and Steelwedge in the years ahead.”
Pervinder Johar, Steelwedge CEO, commented, “We are known for creating meaningful breakthroughs in collaborative planning for global businesses. We introduced the first sales and operations planning solution, and we pioneered enterprise-level planning on a cloud platform. This investment from Golub will both expand sales and support coverage, and fuel additional R&D innovation to truly integrate demand and supply planning on a common platform using next generation technologies which provide dramatically improved analytic insights, performance and user experience.”
About Golub Capital Late Stage Lending
Golub Capital’s Late Stage Lending group provides compelling financing solutions to technology companies backed by venture capital, growth equity, private equity or other sophisticated private companies. The LSL team is able to hold entire credit facilities from $15 million to $100 million in technology companies undergoing exceptional growth due to new services, increased adoption and/or entry into new markets.
Golub Capital is a nationally recognized credit asset manager with over $15 billion of capital under management. The firm has an award-winning middle market lending business. 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. For more information, please visit the firm’s website at www.golubcapital.com.
About Mainsail Partners
Mainsail Partners is a leading growth equity firm that invests exclusively in growing bootstrapped companies and builds them into industry leaders. The San Francisco-based firm has raised nearly $400 million in committed capital and has a team of experienced operating professionals to help outstanding entrepreneurs scale their businesses and accelerate growth. Mainsail’s investments include enterprise software and software-as-a-service (SaaS) companies Netchemia, PlayMaker CRM, Steelwedge, SQL Sentry and Zen Planner. For further information, please visit www.mainsailpartners.com.
About Camden Partners
Camden Partners, founded in 1995, provides growth capital to emerging companies in the Technology-enabled Business Services, Healthcare and Education sectors. For more information, please go to www.camdenpartners.com.
Organizations use Steelwedge’s cloud planning platform and services to align decisions across roles, geographies, products, time horizons, channels, customers and suppliers to improve efficiency and outcomes. Named a leader in the Gartner 2015 Sales and Operations Planning Magic Quadrant, Steelwedge is headquartered in Pleasanton, California. To learn more about Steelwedge, visit www.Steelwedge.com.
SOURCE Golub Capital