Golub Capital Provides One-Loan Financing To Support Audax Private Equity’s Acquisition Of Active Day Senior Care

CHICAGO, Dec. 9, 2015 /PRNewswire/ — Golub Capital announced today that as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, it provided a GOLD financing and equity co-investment to support the acquisition of Active Day Senior Care ("Active Day") by Audax Private Equity ("Audax").  GOLD financings are Golub Capital One-Loan Debt facilities.

Active Day is a leading operator of adult day health services in the United States with 80 locations across the country. Each of its adult day health centers enables frail, elderly and disabled adults to live at home and remain independent in their communities, while receiving health care and supervision during the day, as well as providing relief and respite for caregivers.

This marks the fifth transaction Golub Capital and Audax have completed together this year.

"We are thrilled to support Active Day through its next phase of growth with Audax," said Brian Crabb, Managing Director of Golub Capital. "Institutionally, we believe that Active Day’s focus on reducing the overall cost of care by allowing the elderly to remain in a partial home setting positions the business exceptionally well in the current healthcare environment."

"Golub Capital was the clear choice to lead the transaction given their deep expertise in the healthcare industry and demonstrated ability to support Active Day’s growth plans," said Mark Cordes, Managing Director at Audax . "We look forward to our partnership on Active Day and to working with Golub again on future transactions."

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 Audax Group

Audax Group is an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York, and Menlo Park, Audax has over $9 billion in assets under management across its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.

SOURCE Golub Capital