Golub Capital Provides One-Loan Debt Facility To Support Pamlico Capital’s Investment In symplr In Partnership With The CapStreet Group And Existing Shareholders
NEW YORK, Nov. 23, 2015 /PRNewswire/ — Golub Capital announced today it provided a GOLD financing to support Pamlico Capital’s ("Pamlico") investment in symplr (the "Company") in partnership with The CapStreet Group ("CapStreet") and existing shareholders. GOLD financings are Golub Capital’s One-Loan Debt facilities. Golub Capital served as Administrative Agent, Sole Lead Arranger and Sole Bookrunner in connection with the financing.
Founded in 2006, symplr is an industry leader in compliance and credentialing Software-as-a-Service solutions that help healthcare organizations mitigate risk and ensure compliance. symplr has a single mission: to make healthcare compliance and credentialing simpler for all constituents of the healthcare community.
"We are excited for the opportunity to support the symplr platform," said Troy Oder, Managing Director. "Management and CapStreet have done a great job positioning the Company as a leader in its market, and Pamlico will provide significant additional industry expertise to support the Company’s continued growth."
"Once again, Golub has proven to be an excellent financing partner for us," said Brian Chambers, Principal, at Pamlico Capital. "We value their ability to provide flexible and unique financing solutions, as well as their expertise in the healthcare and software industries."
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 Q3 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 $15 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, San Francisco and Charlotte. For more information, please visit the firm’s website at www.golubcapital.com.
About Pamlico Capital
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in the U.S. Pamlico Capital seeks control-oriented growth equity and buyout investments of up to $100 million alongside proven management teams in its target industries: Business & Technology Services, Communications, and Healthcare. Since inception, the firm, based in Charlotte, NC, has invested over $2.5 billion. For additional information, please visit www.pamlicocapital.com.
The CapStreet Group is a Houston-based private equity firm founded in 1990 that invests in owner managed, lower middle market companies headquartered in Texas and surrounding states, with a particular emphasis on companies headquartered in the greater Houston area. Since inception, the firm has raised approximately $980 million of private equity and completed 38 initial platform investments and more than 200 add-on acquisitions for these companies. For more information, please visit www.capstreet.com.
Founded in 2006, symplr is an industry leader in compliance and credentialing Software-as-a-Service solutions that help healthcare organizations mitigate risk and ensure compliance. symplr has a single mission: to make healthcare compliance and credentialing simpler for all constituents of the healthcare community. For more information or to contact symplr, visit http://www.symplr.com/ or (866) 373-9725.
SOURCE Golub Capital