Golub Capital Provides One-Loan Debt Facility to TA Associates to Support a Strategic Investment in MRI Software
NEW YORK, July 5, 2017 /PRNewswire/ — Golub Capital recently announced that as Administrative Agent, Joint Lead Arranger and Joint Bookrunner, it provided a GOLD facility to support TA Associates’ strategic investment in MRI Software (“MRI”). GOLD financings are Golub Capital One-Loan Debt facilities.
MRI Software provides real estate and investment management software to real estate owners and investors. The investment will support the expansion of MRI’s enterprise software applications. GI Partners, which acquired MRI in 2015, will remain an investor in the company.
“MRI provides the global real estate industry with a comprehensive suite of mission critical software applications on a significantly differentiating flexible and open platform, and is operated by a world class management team,” said Spyro Alexopoulos, Managing Director at Golub Capital. “We are excited to partner again with a top tier software sponsor in TA Associates, and work together in supporting the company’s growth strategy.”
“Golub Capital has extensive experience in software financings and has been a reliable partner on previous transactions, so I knew I could trust them to execute seamlessly,” said Hythem El-Nazer, Partner at TA Associates. “Our investment will support MRI’s expansion, bringing real estate technology to business owners in new locations across the globe.”
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 $400 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 $20 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 financing 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 MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.
About TA Associates
TA Associates is one of the largest and most experienced global growth private equity firms. The firm has invested in more than 480 companies around the world and has raised $24 billion in capital. With offices in Boston, Menlo Park, London, Mumbai and Hong Kong, TA Associates leads buyouts and minority recapitalizations of profitable growth companies in the business services, consumer, financial services, healthcare and technology industries. More information about TA Associates can be found at www.ta.com.
SOURCE Golub Capital