NEW YORK, June 23, 2009 /PRNewswire/ — Golub Capital announced today it has provided a $23 million debt facility in support of the recapitalization of Global Compliance Services, Inc. (“Global” or the “Company”), a leading provider of outsourced ethics and compliance solutions to Fortune 1000 companies. A portion of the proceeds from the financing were used to finance the Company’s acquisition of SilentWhistle, Inc., a provider of ethics and compliance incident reporting services.
“We are very excited to have closed our third transaction with Angelo Gordon and our first with Coda Capital in support of a true industry leader like Global Compliance in this difficult economic environment,” said Golub Capital Managing Director Charlie Riceman.
“Golub proved to be a very flexible partner who worked in an expedited manner to complete the recapitalization. We were quite pleased to be working again with such a reliable lender,” commented Joel Schwartz, a Managing Director at Angelo Gordon.
About Golub Capital
Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm’s proprietary GOLD facility), senior, second lien and subordinated debt, preferred stock and co-investment equity. The firm also underwrites and syndicates senior credit facilities up to $150 million. Golub Capital’s hold sizes range from $5 million to $75 million per transaction. The firm was named “Middle Market Lender of the Year” or similar for achievements in 2008 by three leading industry magazines: Buyouts Magazine, Mergers & Acquisitions (the official publication of ACG) and M&A Advisor. Golub Capital is a national firm with offices in Chicago, New York and Atlanta. For more information, please visit the firm’s website at www.golubcapital.com
About Angelo Gordon & Co.
Angelo, Gordon & Co. is a privately-held registered investment advisor dedicated to alternative investing. The firm was founded in 1988 and currently manages, with its affiliates, approximately $15 billion. Angelo, Gordon’s Private Equity Group manages over $1 billion in existing investments and committed capital. The group focuses on acquiring businesses and assets with strong management that have the potential for meaningful value creation.
About Coda Capital Partners
Coda is a private equity firm that focuses on acquiring control stakes in companies with enterprise values between $25 million and $150 million. Coda brings substantial operating, strategic and financial expertise to portfolio companies through hands-on involvement, helping management teams create value by building their businesses into great companies.
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SOURCE: Golub Capital