Golub Capital Provides One-loan Debt Facility For The Acquisition of Katena Holdings, Inc. By Audax Private Equity
CHICAGO, June 25, 2015 /PRNewswire/ — Golub Capital announced today that as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, it provided a GOLD financing and equity co-investment to support the acquisition of Katena Holdings, Inc. (“Katena” or “the Company”), by Audax Private Equity (“Audax”). GOLD financings are Golub Capital One-Loan Debt facilities.
“Golub provided a financing solution that offered certainty and efficiency to our process,” said Brian Doherty, Senior Vice President at Audax. “Their level of familiarity with the business facilitated a streamlined diligence process and path to closing. We look forward to our partnership on Katena and to working with Golub again on future transactions.”
Founded in 1975, Katena is a leading global provider of precision ophthalmic instruments and therapeutics to physician offices, hospitals, and surgical centers. Katena offers its products to over 7,000 customers in the United States and, through a network of global distributors, to customers in more than 100 countries around the world. Based in Denville, New Jersey, the Company is world renowned for developing innovative instruments for new surgical techniques and advances in the field of ophthalmology.
Golub Capital maintains its longstanding relationship with Katena, which has been a portfolio investment of the firm since 2009. “We are thrilled to partner with Audax and the Katena management team in our continued support of the business through its next phase of growth,” said Brian Crabb, Managing Director of Golub Capital.
This is the fourth transaction Golub Capital and Audax have partnered on in the past year.
About Golub Capital Middle Market Lending
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 2015 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 $10 billion of capital under management. Golub Capital has four highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Late Stage Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital’s lending offices are located in Chicago, New York and San Francisco. For more information, please visit the firm’s website at www.golubcapital.com.
About Audax Group
Audax Group is an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York and Menlo Park, Audax has over $6 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website at www.audaxgroup.com.
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SOURCE Golub Capital