NEW YORK, Nov. 15, 2018 — Golub Capital recently announced that, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, it provided senior credit facilities to support the refinancing of Ontellus (“the Company”). Ontellus is a portfolio company of The CapStreet Group.
Ontellus is a leading provider of records retrieval and data management services to insurance carriers. When an insurance claim or litigation is filed, the Company acts as an agent of the requester, such as insurance companies or law firms, to ensure that all patient documents are delivered efficiently, securely and in compliance with HIPAA regulations. Ontellus manages the entire process from requesting the records, managing subpoenas, processing and tagging and delivering a dossier of the records via a user-friendly online portal.
“We are excited about Ontellus’ growth and technology enabled services offering to our insurance customers and other stakeholders,” said Neil Kallmeyer, Managing Partner at The CapStreet Group. “We appreciate Golub Capital’s flexibility and support in efficiently closing this transaction and look forward to the partnership.”
“Ontellus has a steady recurring revenue base, market leading position and innovative technology solution,” said Greg Cashman, Senior Managing Director at Golub Capital. “We were able to provide a simplified financing structure with adequate availability to support their strategy for continued growth.”
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $600 million and is an arranger of credit facilities up to $1 billion. Golub Capital’s award-winning team specializes in delivering reliable, creative and compelling financing solutions to U.S. middle market companies backed by private equity sponsors.