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Golub Capital Provides Credit Facility in Francisco Partners’ Acquisition

October 30, 2014, 07:51 AM
Filed Under: Specialty Industries

Golub Capital announced that as lead arranger, sole bookrunner, and administrative agent it provided a senior credit facility to support the acquisition of Vendavo, Inc. by Francisco Partners. This marks Golub Capital's 9th transaction with Francisco Partners.

Founded in 1998 and based in Mountain View, Calif., Vendavo is a leading provider of revenue and price optimization and management solutions for B2B mid-market and enterprise companies. Vendavo helps companies maximize profitability by delivering simple, actionable and timely guidance that empowers salespeople to close deals faster, increase win rates and boost margins on every transaction. Vendavo delivers $2.5 billion in additional profit annually to customers in consumer goods, distribution, manufacturing, technology and medical devices.

"The company has a stellar reputation in the price optimization and management industry.  Vendavo's solutions have been proven to drive meaningful and measurable ROI for its customers.  We are very excited to become a partner to Vendavo and support the company's continued growth," stated Spyro Alexopoulos, Managing Director at Golub Capital.  "We are also thrilled to be completing another transaction with a world class sponsor and long-time partner in Francisco Partners."

"We chose Golub Capital to lead the transaction because they understood our strategy to grow the business and provided us a customized and flexible solution that will help us execute it," said Petri Oksanen, Partner at Francisco Partners.

Golub Capital's Late Stage Lending group, a unit of Golub Capital's award-winning Middle Market Lending business, provides compelling financing solutions to technology companies backed by venture capital, growth equity, private equity or other sophisticated private companies. The LSL team holds entire credit facilities from $15 million to $75 million in technology companies undergoing exceptional growth due to new services, increased adoption and/or entry into new markets.

Golub Capital is a nationally recognized credit asset manager with over $10 billion of capital under management. Golub Capital has three highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital's lending offices are located in Chicago, New York and San Francisco. F

Francisco Partners is a global private equity firm that specializes in investments in technology companies. Since its launch over a decade ago, FP has raised approximately $7 billion and invested in more than 100 technology companies, making it one of the most active investors in the industry. The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm's deep sub-sector knowledge and operational expertise can help a company realize its full potential.

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