Golub Capital Provides One-Loan Debt Facility To Finance Acquisition Of Dental Services Group By Cressey & Company
CHICAGO, March 2, 2015 /PRNewswire/ — Golub Capital announced today that as Sole Bookrunner, Sole Lead Arranger and Administrative Agent, it provided a GOLD financing and equity co-investment to support the acquisition of Dental Services Group (“DSG” or “the Company”) by Cressey & Company (“C&C”). GOLD financings are Golub Capital’s One-Loan Debt facilities.
Dental Services Group is a leading national full service laboratory network with over 40 dental laboratories that offer customers a comprehensive offering of dental prosthetic solutions, including fixed, removable, implant, orthodontic and sleep dentistry products. DSG’s highly-skilled dental technicians utilize the latest technologies and techniques in its fabrication of the Company’s dental laboratory product offering.
Golub Capital provided over $1.5 billion in financing for the healthcare industry in 2014. The firm’s deep industry knowledge and experience within this niche market allows its team to provide customized, flexible financing solutions.
“DSG is uniquely positioned in the dental laboratory industry. In addition to providing dentists with the scale advantages and product capability breadth offered as a national laboratory, DSG’s local presence enables the Company to provide high-touch service capabilities that are actively sought by the dental community. DSG is a differentiated platform and will benefit from all of the supporting macro-trends driving dental industry growth,” said Stefano Robertson, Managing Director and the head of Golub Capital’s healthcare finance team. “Cressey & Company has excellent insight into the dental end markets and is very well positioned to help DSG achieve its growth objectives. We are very pleased to invest in this company alongside of them.”
Merrick Axel, a Partner at Cressey & Company, said “We are excited to work with Golub Capital again. Consistent with our prior experiences with their healthcare finance team, Golub Capital acted quickly and decisively, ultimately delivering a very efficient financing package that provided a solution to our needs. Golub Capital will be a strong partner to support DSG’s growth plans ahead.”
About Golub Capital Middle Market Lending
Golub Capital’s award winning middle market lending team structures financing solutions with hold positions of up to $250 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. As of YE 2014, Golub Capital has been #1 for four years in a row for senior secured loans of up to $100 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 Cressey & Company
Based in Chicago, IL and Nashville, TN, Cressey & Company (“C&C”) is a private investment firm focused on building leading healthcare provider, service and information technology businesses. With a history spanning nearly 35 years, the C&C team is one of the most experienced and successful in the healthcare private equity field. More information about C&C is available at www.cresseyco.com.
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SOURCE Golub Capital