Golub Capital Provides One-Loan Debt Facility to Support the Acquisition of the Global ID Group by Paine & Partners, LLC
NEW YORK, Nov. 17, 2016 /PRNewswire/ — Golub Capital announced today that as Administrative Agent, Joint Bookrunner, and Lead Arranger, it provided a GOLD financing to Paine & Partners, LLC (“Paine & Partners”) to finance its acquisition of The Global ID Group (“Global ID”). GOLD financings are Golub Capital One-Loan Debt facilities.
Global ID companies provide integrated food safety and food quality solutions that address the challenges and opportunities in the rapidly evolving food industry. Serving more than 15,000 clients in over 100 countries with a market-leading portfolio of testing, inspection, certification, and consulting services, the Global ID Group helps companies navigate the increasingly regulated global food economy demanding higher levels of transparency, accountability, safety, and sustainability.
“We are excited to support Paine & Partners and Global ID in their future growth plans. Both partners bring an exceptional level of expertise in the food safety industry, and we look forward to helping them achieve and surpass their goals in the next phase of their development,” said Greg Cashman, Senior Managing Director at Golub Capital.
This transaction represents Golub Capital’s first alongside Paine & Partners.
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 $300 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 $18 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 finance 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 Paine & Partners
Paine & Partners is a private equity firm that focuses on complex investment opportunities in the fast-growing, dynamic global food and agribusiness sectors. Paine & Partners’ team includes 25 investment, operations and finance professionals focused on investing globally across the food and agribusiness value chain and throughout cycles. The firm currently invests through its $893 million Paine & Partners Fund IV, which is solely dedicated to food and agribusiness investing. For further information, see www.painepartners.com.
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SOURCE Golub Capital
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