Golub Capital Provides Financing to Support the Acquisition of Advanced Pain Management Holdings, Inc. by Chicago Growth Partners
CHICAGO, Dec. 22, 2010 /PRNewswire/ — Golub Capital today announced that it has provided $27.0 million of capital in the form of senior subordinated notes and an equity co-investment in support of the acquisition of Advanced Pain Management Holdings, Inc. (“APM” or the “Company”) by Chicago Growth Partners (“CGP”). Golub Capital acted as the Administrative Agent for the senior subordinated notes. This is Golub Capital’s fifth financing with Chicago Growth Partners.
Headquartered in Greenfield, Wisconsin, APM is the largest single-specialty, pain management group in the country, with more than 25 board-certified/eligible physicians performing the most advanced interventional pain management procedures. APM’s physicians operate out of more than 35 locations in Wisconsin and Minnesota and execute over 140,000 patient encounters annually.
“Pain management is a sector which the Golub healthcare team views as having strong acceptance from the payor community and, especially in an ASC setting, provides services that are on point with patients’ needs. CGP brings a strong combination of healthcare experience and a proven ability to drive facility network expansion and overall growth,” commented Golub Capital Principal Stefano Robertson.
“Consistent with our past experiences, the Golub deal team was able to react quickly and was solutions oriented. Their knowledge of the space in particular, and overall experience as a leading healthcare lender, made for a smooth process. We look forward to working with the Golub Team again,” said Rob Healy, CGP Managing Partner.
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 was ranked by Thomson Reuters Loan Pricing Corporation as the #1 Traditional Middle Market Bookrunner for 2009. For two years in a row, Golub Capital was named “Middle Market Lender of the Year” by Buyouts Magazine for achievements in 2009 and 2008. Other honors include being named “Debt Financing Agent of the Year” in June 2010 by M&A Advisor. 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 Chicago Growth Partners
CGP is a Chicago-based private equity investment firm focused on investing in lower middle market companies in the business and consumer services, education, industrial growth and healthcare markets. CGP distinguishes itself through its experienced team – including in-house marketing, information technology and operations expertise – and its focus on growth as the primary driver of returns. CGP currently manages a group of Funds with a combined $1.2 billion of committed capital while investing Chicago Growth Partners II, L.P. For more information on Chicago Growth Partners, please visit www.cgp.com.
SOURCE Golub Capital