Golub Capital Acts as Joint Bookrunner and Syndication Agent in Support of Thoma Bravo’s Recapitalization of Entrust, Inc.
NEW YORK, March 14, 2011 /PRNewswire/ — Golub Capital announced today that it acted as Joint Bookrunner and Syndication Agent on a senior credit facility used to support the recapitalization of Entrust Inc. ("Entrust" or the "Company") by Thoma Bravo, LLC ("TB"), a leading middle market equity investment firm. Golub Capital worked closely with Wells Fargo Capital Finance ("WFCF"), part of Wells Fargo & Company (NYSE: WFC), who served as Joint Bookrunner and Administrative Agent, to close the transaction.
Headquartered in Dallas, TX, Entrust provides affordable, trusted solutions that secure digital identities and information for consumers, enterprises and governments in more than 4,000 organizations spanning 60 countries. Since 1994, Entrust software and associated services have enabled businesses and governments around the world to conduct high-value, highly sensitive transactions, over wired and wireless networks in compliance with today's regulatory guidelines.
"With the number of phishing and malware attacks growing rapidly each year and costing consumers and corporations billions of dollars, the need for security solutions has never been stronger. Entrust is a proven leader in PKI technology, a universally accepted industry standard for securing online communications. In addition, the Company is rapidly emerging as a leader in the web fraud detection and risk based authentication markets," stated Spyro Alexopoulos, a Golub Capital Principal.
"We are excited to partner with TB and believe their established software industry expertise enables the Company to successfully achieve its growth objectives," Alexopoulos continued.
"As we considered the financing needs of the Company, we knew we needed partners who could offer a quick read and would reliably close on those terms. The software team from Golub demonstrated a thorough understanding of the security landscape, provided a quick read and delivered. In conjunction with WFCF, Golub provided the flexibility and efficiency that we were looking for," said Seth Boro, a Partner at TB.
About Golub Capital
With $4.5 billion in capital, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm's proprietary GOLD facility), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm also underwrites and syndicates senior credit facilities up to $200 million. Golub Capital's hold sizes range up to $75 million per transaction. Golub Capital is currently ranked by Thomson Reuters Loan Pricing Corporation as a top 3 Traditional Middle Market Bookrunner. Golub Capital was named "Middle Market Lender of the Year" by Buyouts Magazine for two years in a row in 2009 and 2010. The firm was also honored as "Debt Financing Agent of the Year" by M&A Advisor in 2010. Golub Capital is a national firm with offices in Chicago, New York and Atlanta. For more information, please visit the firm's website at www.golubcapital.com.
Golub Capital Incorporated (and its various affiliates) creates and manages multiple private funds. One of its affiliates, GC Advisors LLC is an investment advisor registered with the United States Securities and Exchange Commission.
About Thoma Bravo, LLC
Thoma Bravo is a leading private equity investment firm that has been providing equity and strategic support to experienced management teams building growing companies for 30 years. The firm originated the concept of industry consolidation investing, which seeks to create value through the strategic use of acquisitions to accelerate business growth. Thoma Bravo applies its investment strategy across multiple industries with a particular focus on the software and services sectors. Since 2006, Thoma Bravo has completed more than 50 acquisitions across 17 platform companies with total annual earnings in excess of $1 billion. For more information on Thoma Bravo, visit www.thomabravo.com.
About Wells Fargo Capital Finance
Wells Fargo Capital Finance is the trade name for certain asset-based lending, accounts receivable and purchase order finance services of Wells Fargo & Company and its subsidiaries, and provides traditional asset-based lending, specialized senior secured financing, accounts receivable financing and purchase order financing to companies across the United States and Canada. Dedicated teams within Wells Fargo Capital Finance provide financing solutions for companies in specific industries such as retail, software publishing and high-technology, commercial finance, staffing, government contracting, timeshare development and others. For more information, visit wellsfargocapitalfinance.com.
SOURCE Golub Capital
CONTACT: Spyro Alexopoulos, Principal, +1-212-750-3791, email@example.com