NEW YORK, Jan. 22, 2007 /PRNewswire/ — Golub Capital announced today that it has provided the GF Capital Private Equity Fund, L.P. with a $55 million GOLD facility (Golub Capital’s One-Loan Debt facility) to close its investment in Trade Service Company, LLC (TSC), a leading database provider of robust product and pricing solutions to 18,000 subscribers, primarily in the electrical, plumbing/HVAC, automotive and office product markets. Based in San Diego, TSC’s services encompass all aspects of content acquisition, aggregation, management, enrichment, validation, publishing and distribution. The Company’s customers use this mission critical data extensively to power all aspects of their business, including procurement, pricing, invoicing, customer contracts, inventory control, and bid estimation. TSC’s products and services are the critical component to enabling communication, and thus commerce, between manufacturers and their distributor/contractor customer base.
Using its GOLD product, Golub Capital provided the entire loan to support GF Capital’s investment. Erik Baker, a Managing Director of GF Capital, said: “We decided to partner with Golub Capital on this transaction because of their flexibility in structuring a credit facility that met the Company’s needs as well as their ability to support our growth initiatives. Golub Capital was easy to work with through the closing of the transaction and we look forward to a long partnership with the firm.” Golub Capital will fund and hold the entire facility. Golub Capital used capital from its new $1 billion fifth fund, Golub Capital V, L.P. to finance part of the deal. Additionally, Golub Capital is making an equity co-investment in this transaction.
Charlie Riceman, a Managing Director with Golub Capital, added “Trade Service represents an excellent growth capital investment for GF Capital. We are excited to kick-off a new relationship with GF Capital and look forward to supporting them in their future growth initiatives.”
About GF Capital
GF Capital Private Equity Fund, L.P. is sponsored by GF Capital Management & Advisors, LLC. The Fund is focused on growth capital, buyout and recapitalization investments in the media and entertainment, branded consumer products, and software for media and communications industries. GF Capital is a New York-based merchant banking firm that focuses primarily on principal investments in operating companies and real estate. GF Capital’s clients include institutions, leading entrepreneurs and executives, as well as the businesses which they manage. GF Capital also offers comprehensive wealth management services through its subsidiary, TAG Associates LLC, a leading multi-client family office and portfolio management services company with approximately $5.0 billion of assets under management.
About Golub Capital
Golub Capital is an active provider of GOLD facilities (Golub Capital’s One-Loan Debt facility), senior and subordinated debt, second lien debt, preferred stock, and co-investment equity to middle market companies. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. Typical investments range from $5 million to $75 million, with additional capital available for future growth. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.
SOURCE: Golub Capital