Golub Capital Provides $375 Million One-Loan Debt Facility to Support the Acquisition of Halogen Software by Saba Software, a Portfolio Investment of Vector Capital
CHICAGO, May 8, 2017 /PRNewswire/ — Golub Capital recently announced that as Sole Bookrunner, Sole Lead Arranger & Administrative Agent, it provided a $375 million GOLD facility to support the acquisition of Halogen Software by Saba Software, a portfolio investment of Vector Capital. GOLD financings are Golub Capital One-Loan Debt facilities.
Saba delivers a cloud-based talent management and engagement solution used by leading organizations worldwide to hire, develop, engage, and inspire their people. The financing will support the combination of Saba and Halogen, extending Saba’s position as a leading provider of end-to-end SaaS Talent Management solutions. Combined, Saba and Halogen will serve more than 4,000 customers worldwide, and together, increase value to the customers they serve with the strength, size and scale to deliver rapid innovations in talent management.
“The combination of Saba and Halogen creates a market-leading talent management software platform,” said Troy Oder, Managing Director at Golub Capital. “With an excellent management team and exceptionally strong sponsor support from Vector Capital, we anticipate a successful next phase of growth for Saba, and are thrilled to support this transaction.”
“Golub Capital demonstrated a deep understanding of the talent management software industry, and provided a compelling financing solution that allowed us to move quickly and definitively through a time-sensitive and confidential process. Golub’s speed, flexibility and reputation for delivering scalable solutions makes them an ideal partner to support our investment in the Saba platform,” said Andy Fishman, Managing Director at Vector Capital.
About Golub Capital Middle-Market Lending
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $400 million and is an arranger of credit facilities up to $750 million. Golub Capital’s award-winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet private equity sponsors’ and portfolio companies’ needs.
Golub Capital is a nationally recognized credit asset manager with over $20 billion of capital under management. For over 20 years, the firm has provided credit to help medium-sized U.S. businesses grow. The firm’s 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 financing 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. For more information, please visit www.golubcapital.com.
About Vector Capital
Vector Capital is a leading global private equity firm specializing in transformational investments in established technology businesses. With $3.4 billion of capital under management, Vector identifies and pursues these investments in both the private and public markets. Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of these businesses and enhance their value for employees, customers, and shareholders. For more information, visit http://www.vectorcapital.com.
SOURCE Golub Capital
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