Golub Capital Provides Senior Credit Facility To Finance Ontario Teachers’ Pension Plan’s Acquisition Of PetVet Care Centers, LLC
NEW YORK, Jan. 9, 2015 /PRNewswire/ — Golub Capital announced today that as Joint Lead Arranger, Joint Bookrunner and Administrative Agent it provided a $232.25 million senior credit facility to support the acquisition of PetVet Care Centers, LLC (“PetVet” or “the Company”) by Ontario Teachers’ Pension Plan (“Teachers'”). The transaction was led by Teachers’ Private Capital (“TPC”), the private equity arm of Teachers’.
PetVet is one of the nation’s leading operators of veterinary hospitals for companion animals. With over 200 general veterinarians and board certified specialists ranging from emergency critical care to cardiology and orthopedic surgery, PetVet provides exceptional support to its veterinarian partners across the United States.
“PetVet is a best-in-class veterinary business with tremendous growth potential by delivering a high degree of care to its customers. Moreover, PetVet marks the first lead transaction between Golub Capital and TPC,” said Hyun Chang, Managing Director of Golub Capital. “We are delighted to be partnering with TPC and PetVet senior management in supporting the Company’s next chapter of exciting growth.”
About Golub Capital Middle Market Lending
Golub Capital’s award winning middle market lending team structures financing solutions with hold positions of up to $250 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 #1 in 5 out of the past 6 years from 2009 through 3Q 2014 for senior secured loans of up to $100 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 $10 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 and San Francisco. For more information, please visit the firm’s website at www.golubcapital.com.
About Ontario Teachers’ Pension Plan
Ontario Teachers’ Pension Plan is Canada’s largest single-profession pension plan with C$140.8 billion in net assets. It pays pensions and invests plan assets on behalf of 307,000 working and retired teachers. Established as an independent organization in 1990, it has built an international reputation for innovation and leadership in investment management and member services. Teachers’ employs more than 1,000 employees at its head office in Toronto, Canada, and investment offices in London, Hong Kong, and New York. For more information, visit www.otpp.com
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SOURCE Golub Capital