Golub Capital is Joint Bookrunner and Syndication Agent in Support of Norwest Equity Partners’ Acquisition of Surgical Information Systems, LLC
CHICAGO, Jan. 7, 2011 /PRNewswire/ — Golub Capital today announced it acted as Joint Bookrunner and Syndication Agent to finance a senior credit facility with co-investment equity to support the acquisition of Surgical Information Systems, LLC (“SIS” or the “Company”) by Norwest Equity Partners (“NEP”), 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.
Based in Alpharetta, GA, SIS provides certified software solutions that are considered “best-of-breed” and are uniquely designed to add value at every point of the perioperative process. Developed specifically for the complex surgical environment, all SIS solutions – including anesthesia – are architected on a single database and integrate with other hospital systems. SIS offers the only surgical scheduling system endorsed by the American Hospital Association (AHA), and a rules-based charging system that has been granted Peer Reviewed status by the Healthcare Financial Management Association (HFMA).
“Since a hospital’s operating room can drive as much as 80% of its profitability, the software used in the O.R. needs to deliver market advantages to improve clinical outcomes, enhance operational effectiveness and increase financial profitability. As a leading best-of-breed software vendor, SIS hits the mark with its customers and is well positioned for sustained growth,” stated Stefano Robertson, a Golub Capital Principal.
“We are excited to partner with NEP and believe that their established IT and healthcare verticals will help the Company successfully achieve its objectives for growth,” Robertson 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 combined healthcare and software teams from Golub did just that, moving from start to finish in just over five weeks. In conjunction with WFCF, Golub provided the flexibility and efficiency that we were looking for,” said Tim Kuehl, a Partner with NEP.
About Golub Capital
With over $4 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 Norwest Equity Partners
Partnering with business owners and their management teams since 1961, NEP is a leading investment firm focused on building companies into industry leaders. With a reputation for quality investments and exceptional financial returns, NEP manages $4.6 billion of capital through a series of equity and mezzanine limited partnerships. Headquartered in Minneapolis, Minnesota, the firm is currently investing NEP IX with $1.2 billion in capital. For more information, visit www.nep.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