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 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.
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.