Golub Capital Provides One-Loan Debt Facility to Support the Buyout of Inhance Technologies by Aurora Capital Partners
CHICAGO, July 25, 2018 /PRNewswire/ — Golub Capital recently announced that, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, it provided a GOLD facility to support the buyout of Inhance Technologies Holdings LLC (“Inhance Technologies” or “the Company”) by Aurora Capital Partners. GOLD financings are Golub Capital One-Loan Debt facilities. The financing will enable Inhance Technologies to build new facilities in the U.S. and abroad, furthering their organic growth.
Inhance Technologies is a leading provider of fluorine materials science solutions. By leveraging proprietary chemical, engineering and technological processes, the Company transforms substrates such as plastics and composites into higher-performing materials. Their processes can be applied to a variety of products to add advanced features, increase durability, decrease friction, meet environmental regulations and solve design challenges. Inhance Technologies serves a variety of industries, including healthcare, automotive, consumer, transportation and industrial.
“The Company’s proprietary technologies, market leadership and strong management team are an excellent fit for Aurora’s partnership-oriented investment program and create an exciting platform for growth,” said Michael Marino, Managing Partner at Aurora Capital. “Golub Capital has a long track record of providing flexible and scalable solutions for financing growth strategies, and we are excited to partner with them again for our investment in Inhance Technologies.”
“We are impressed with the Company’s unique market position and long history of innovation,” said Troy Oder, Managing Director at Golub Capital. “We believe that Aurora’s approach to partnering with management teams to identify and capitalize on new market opportunities will drive the continued expansion of the Inhance Technologies platform, and look forward to supporting this growth.”
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 over $600 million and is an arranger of credit facilities up to $1 billion. 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 $25 billion of capital under management. For over 20 years, Golub Capital has provided credit to help medium-sized U.S. businesses grow. The firm’s award-winning Middle Market Lending business provides 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 financing solutions, and we believe this has inspired repeat clients and investors. Today, the firm has over 350 employees with lending offices in Chicago, New York and San Francisco. For more information, please visit golubcapital.com.
About Aurora Capital Partners
Aurora Capital Partners is a leading private equity firm managing funds with total capital commitments of over $3 billion. Aurora focuses principally on control investments in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management. Aurora provides a unique program for portfolio company growth and development through its Strategy & Operations Program. Aurora’s investors include leading public and corporate pension funds, endowments and foundations active in private equity investing. For more information about Aurora Capital Partners, visit: www.auroracap.com.
About Inhance Technologies
Founded in 1983, Inhance Technologies focuses on the transformation of plastics and composites for higher performance through its Fluoro-Seal Process™, Reactive Gas Technology™, and DuraBloc Process™. The company offers Barrier Technology, Surface Modification, and Performance Additives solutions that serve the crop protection, fuel systems, automotive, healthcare, consumer, and industrial markets from numerous locations throughout the United States, Canada, Mexico, and overseas. More information can be found at www.inhanceproducts.com.
SOURCE Golub Capital