NEW YORK, Nov. 9, 2010 /PRNewswire/ — Golub Capital today announced that it has provided a GOLD financing to support the refinancing of Market Track, LLC (“Market Track” or the “Company”) by Monitor Clipper Partners (“MCP”). GOLD financings are Golub Capital’s One-Loan Debt facilities.
Market Track is the leading provider of promotional ad-tracking and related pricing analysis services to retailers and consumer goods manufacturers. The Company’s services enable users to track print, online and email promotions and create customized reports based on selected product categories, brands, retailers, markets, and dates. Market Track, LLC was formed in 2004 through the merger of Advertising Processing, Inc. and Market Advantage, Inc. and has domestic offices in Chicago, Illinois and Saratoga Springs, New York.
“We are very excited to be completing our first deal with MCP, a leading middle market private equity firm as well as to be adding a great borrower to our portfolio. Through our diligence process, we came away impressed with Market Track’s strong market position, the depth and quality of its management team, as well as the differentiation of the Company’s product offering,” commented Principal Spyro Alexopoulos.
“The deal team at Golub Capital spent significant resources upfront to gain conviction around the opportunity and got us comfortable early on that they were going to deliver on the refinancing. Their solution oriented approach gave us the confidence to choose them as our long-term partner,” said David Sheffer, a Vice President at MCP.
“We were impressed with Golub’s desire to develop a deep understanding of our business and end markets. The intimate knowledge of the company’s vision attained in this process, including the integration of key acquisitions, enabled them to provide us the flexibility we needed to appropriately manage Market Track’s rapid growth,” added Wayne Mincey, Market Track’s CEO.
About Golub Capital
With over $4 billion in 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 $200 million. Golub Capital’s hold sizes range up to $75 million per transaction. Golub Capital was ranked by Thomson Reuters Loan Pricing Corporation as the #1 Traditional Middle Market Bookrunner for 2009. For two years in a row, Golub Capital was named “Middle Market Lender of the Year” by Buyouts Magazine for achievements in 2009 and 2008. Other honors include being named “Debt Financing Agent of the Year” in June 2010 by 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.
Golub Capital Incorporated (and its various affiliates) creates and manages multiple private funds. One of its affiliates, GC Advisors LLC is an investment advisor registered with the United States Securities and Exchange Commission.
About Monitor Clipper Partners
MCP is an independent private equity firm formed in 1998. MCP pursues management buyouts and late stage growth equity investments. MCP is currently managing over $2.0 billion in capital in North America and Europe and seeks transactions in which it can invest between $15 million and $75 million of its capital. MCP has completed over thirty transactions in the last decade and has approximately 25 investment professionals spread between Cambridge, Massachusetts and Zurich, Switzerland
For more information, please contact Spyro Alexopoulos, Principal, at 212-750-3791 or [email protected].
SOURCE Golub Capital