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Golub Capital Agents, Arranges $1B Multi-Currency Financing to Support Merger of 2020 Technologies and Compusoft

December 01, 2021, 08:00 AM
Filed Under: Technology

Golub Capital acted as Administrative Agent and Joint Lead Arranger on a $1 billion GOLD facility to finance the merger of 2020 Technologies ("2020") and Compusoft by Genstar Capital and TA Associates. GOLD financings are Golub Capital One-Loan Debt facilities. The GOLD facility was funded using a combination of U.S. dollars, Canadian dollars, British pounds sterling and eurodollars.

Golub Capital has been Administrative Agent to 2020 since Genstar acquired the company from Golden Gate Capital in May 2021. Golub Capital more than doubled the size of the GOLD facility to support 2020's subsequent merger with Compusoft. The combined company will be majority-owned by Genstar Capital and TA Associates.

"We are thrilled to support the combination of these two leading software platforms backed by two top tier sponsors with whom we have longstanding, valued partnerships," said Spyro Alexopoulos, Senior Managing Director and Head of Originations at Golub Capital. "Our confidence in both sponsors, as well as our deep expertise in software, enabled us to quickly establish a high level of conviction in the deal and provide a GOLD facility designed to grow as the company grows."

Golub Capital is a market-leading, award-winning direct lender and credit asset manager, with over $40 billion of capital under management. Golub Capital specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. The Firm's Direct Lending group provides buy-and-hold financing for sponsor-backed transactions with hold positions of up to $700 million and arranges syndicated credit facilities up to $2+ billion.

Across its activities, Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors. Founded over 25 years ago, Golub Capital today has over 590 employees and lending offices in Chicago, New York, San Francisco and London.

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