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Golub Capital Provides Debt Facility to Support Dermatology Associates Acquisition

June 03, 2016, 07:53 AM
Filed Under: Healthcare

Golub Capital announced that as administrative agent, joint lead arranger and joint bookrunner, it provided a GOLD financing to support the acquisition of Dermatology Associates by ABRY Partners. GOLD financings are Golub Capital One-Loan Debt facilities.

"We are thrilled to have been able to provide a fast, flexible solution to support the acquisition of Dermatology Associates by ABRY," said Brian Crabb, Managing Director at Golub Capital. "This marks our second financing of a leading dermatology group during the quarter.  The intersection of a sector that we're highly attracted to and the quality of sponsorship here makes this a great investment opportunity for Golub Capital."

Headquartered in Dallas, TX, Dermatology Associates provides comprehensive practice management services to 60 board-certified dermatologists in 42 clinics across Texas, Kansas and Missouri. The company's providers offer a full suite of clinical, surgical and cosmetic service offerings, treating conditions like acne, psoriasis, dermatitis, and eczema and providing specialized, highly-effective treatments for a variety of skin cancers. Dermatology Associates is focused solely on providing outstanding care to its patients, leveraging the benefits of a broad, group platform and allowing physicians to focus exclusively on caring for patients. The group's full-service delivery model provides high-quality care to over 320,000 patient visits annually through its dense network of conveniently-located facilities.

Golub Capital's award winning middle market lending team structures financing solutions with hold positions of up to $300 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. Golub Capital has been a top 3 US Middle Market Bookrunner each year from 2008 through Q1 2016 for senior secured loans of up to $500 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).

Golub Capital is a nationally recognized credit asset manager with over $15 billion of capital under management. Golub Capital has three highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Late Stage Lending and Broadly Syndicated Loans. Golub Capital's lending offices are located in Chicago, New York and San Francisco.

Founded in 1989, ABRY Partners is one of the most experienced and successful media, communications, business and information services focused private equity investment firms in North America. Since its founding, ABRY has completed over $61 billion of transactions, representing investments in over 550 properties. The firm is currently managing over $4.3 billion of total capital and investing out of a $1.9 billion private equity fund, $950 million senior equity fund and a $1.5 billion senior debt fund.

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