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Golub Capital Provides Debt Facility to Harvest Partners Portfolio Company

October 17, 2016, 07:28 AM
Filed Under: Healthcare

Golub Capital announced that as administrative agent, joint bookrunner and co-lead arranger, it provided financing to support the affiliation of Konikoff Dental Associates ("KDA"), with Dental Care Alliance, a Harvest Partners portfolio company.

Headquartered in Virginia Beach, Va., KDA is a leading dental practice management ("DPM") company providing a wide range of both general and specialty dental services across Southeastern Virginia. Konikoff Dentistry is a team of highly skilled dentists, pediatric dentists, implant dentistry specialists, denture/partial specialists, and oral surgeons that are dedicated to providing the community with the best quality care and treatment in a uniquely energetic atmosphere.

Formed in 1991, Dental Care Alliance is one of the country's largest dental support organizations with more than 245 affiliated dental practices across the U.S. Dental Care Alliance offers dentists and dental professionals clinical autonomy, career satisfaction and growth opportunities by reducing day-to-day business management headaches and administrative hassles. This enables affiliated dentists to focus exclusively on providing the best clinical care to meet each of their individual patients' needs.

"We are excited to partner with Harvest Partners on Dental Care Alliance's acquisition of KDA," said Andy Steuerman, Head of Middle Market Lending at Golub Capital.  "We are fortunate to maintain strong relationships with industry-leading private equity partners like Harvest, an expert in the dental space, and look forward to seeing the continued growth and success of Dental Care Alliance alongside them."

Paige Daly, Managing Director at Harvest Partners said, "Golub Capital is a long-standing partner of ours with a proven track record of delivering seamless, consistent execution to support our portfolio companies, including DCA, Document Technologies, VetCor & Advanced Dermatology."

Golub Capital has been a lender to Harvest Partners since 2011 and to Dental Care Alliance since 2015.

Golub Capital award-winning middle market lending business helps provide financing for middle market companies and their private equity sponsors.  Golub Capital's credit expertise also forms the foundation of its Late Stage Lending and Broadly Syndicated Loan businesses. Golub Capital has worked hard to build a reputation as a fast, reliable provider of compelling finance solutions, and we believe this has inspired repeat clients and investors. Today, the firm has over 300 employees with lending offices in Chicago, New York and San Francisco.

Founded in 1981, Harvest Partners, LP, is a leading New York based private equity investment firm that pursues management buyouts and recapitalizations of middle-market companies in North America. Harvest focuses on acquiring profitable companies in the business services and consumer, healthcare services, industrial services, and manufacturing and distribution sectors.

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