Golub Capital Provides Senior Debt Financing to Support Tecomet, Inc., a Charlesbank Capital Partners Portfolio Company

NEW YORK, Dec. 17, 2010 /PRNewswire/ — Golub Capital today announced that it served as Sole Bookrunner and Administrative Agent for a $56.8 million senior debt financing for Tecomet, Inc. (“Tecomet” or the “Company”), a portfolio company of Charlesbank Capital Partners (“Charlesbank”).  

Tecomet is a leading contract manufacturing, engineering and metal fabrication technology company based in Wilmington, Massachusetts. The Company specializes in net shape forging, precision machining, photochemical etching, surface texturing, vacuum brazing, laser and electron beam welding, and rapid prototyping. Tecomet has over 45 years of experience supplying precision engineered components and assemblies to the medical, aerospace/defense, and commercial/industrial markets, with special emphasis on orthopedic, trauma, and spinal implants.

“We are pleased to be working with Charlesbank again,” said Golub Capital Senior Managing Director Andrew Steuerman. “We consider them one of the premier middle market financial sponsors, with a disciplined, value-oriented investment approach and a long track record of success. Likewise, we have been impressed with Tecomet and its management team since Charlesbank acquired the Company in 2008, and we look forward to this new and promising partnership.”

“Golub offered a flexible, fully underwritten financing solution and they understood the value of Tecomet’s distinctive capabilities,” said Brandon White, Managing Director of Charlesbank. “We appreciated both the financing certainty and efficient process that they provided.”  

About Golub Capital

With over $4 billion in capital, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm’s proprietary GOLD facility), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm also underwrites and syndicates senior credit facilities up to $200 million. Golub Capital’s hold sizes range up to $75 million per transaction.  Golub Capital was ranked by Thomson Reuters Loan Pricing Corporation as the #1 Traditional Middle Market Bookrunner for 2009.  For two years in a row, Golub Capital was named “Middle Market Lender of the Year” by Buyouts Magazine for achievements in 2009 and 2008.  Other honors include being named “Debt Financing Agent of the Year” in June 2010 by M&A Advisor. Golub Capital is a national firm with offices in Chicago, New York and Atlanta. For more information, please visit the firm’s website at www.golubcapital.com.

Golub Capital Incorporated (and its various affiliates) creates and manages multiple private funds.  One of its affiliates, GC Advisors LLC is an investment advisor registered with the United States Securities and Exchange Commission. 

About Charlesbank Capital Partners

Based in Boston and New York, Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $2 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings, typically investing in companies with enterprise values of $100 million to $750 million. The firm seeks to partner with strong management teams to build companies with sustainable competitive advantages and excellent prospects for growth. Visit www.charlesbank.com for more information.

SOURCE Golub Capital