NEW YORK, Sept. 2, 2008 /PRNewswire/ — Golub Capital today announced that it has provided Sentinel Capital Partners with a senior credit facility to support the acquisition of Mobile Dentists, Inc., by ReachOut Healthcare America, a current portfolio company of Sentinel Capital Partners.
The combination of Mobile Dentists and ReachOut creates the nation’s leader in mobile dental services, providing an array of diagnostic, preventive, restorative, prosthodontic, and periodontal dental services primarily to underserved children in schools and foster programs. Operating in 21 states, ReachOut and Mobile Dentists provided dental care to more than 250,000 low-income children in the past year.
This is Golub Capital’s second lead agent deal with Sentinel Capital Partners. “We are happy to have the opportunity to partner with Sentinel again, especially because of their expertise in the dental practice management sector,” said Andrew Steuerman, a Senior Managing Director with Golub Capital. “The combined entity is both an attractive credit and an investment with positive social benefits. We are excited to be a part of the company’s growth for years to come.”
“Once again Golub Capital has come through with an attractive financing package in a timely fashion,” said Paul Murphy, a Partner with Sentinel Capital Partners. “We are delighted to have them as a partner once again.”
Sentinel Capital Partners specializes in buying and building smaller middle-market companies in the United States and Canada in partnership with management. Sentinel targets consumer products, food and restaurants, franchising, niche manufacturing, and service businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with operating profit of between $5 million and $25 million.
About Golub Capital:
Golub Capital underwrites 1st lien loans up to $150 million. The firm offers buy-and-hold products ranging from $5 million to $75 million and include one-loan financings (through the Firm’s proprietary GOLD facility), senior, 2nd lien and subordinated debt, preferred stock and co-investment equity. Golub Capital 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, the firm has a high level of flexibility in structuring investments. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.
First Call Analyst:
SOURCE: Golub Capital
CONTACT: Andrew Steuerman of Golub Capital, +1-212-660-7280,