Golub Capital was the Sole Bookrunner and Administrative Agent on a new financing to support an equity investment in Secure-24 by Pamlico Capital. “This is our fourth transaction with Golub Capital,” said Scott Stevens, a Partner at Pamlico Capital. “Once again, they have proven to be a flexible partner whose industry knowledge and professional approach facilitated a seamless transaction.”
Secure-24 provides managed IT operations, ERP application hosting and cloud computing services to mid-market and Fortune 500 companies in the manufacturing, technology, consumer goods, chemicals, financial services, construction, healthcare, pharmaceuticals and transportation sectors. The company was founded in 2001 and is based in Southfield, MI (www.secure-24.com).
“We are excited to partner with Pamlico Capital again, and are enthusiastic about supporting their investment in Secure-24,” said Golub Capital Managing Director Troy Oder. “Secure-24 is a unique platform with an excellent management team and broad capabilities in a rapidly growing market.”
Golub offers buy-and-hold products ranging from $10 million to $75 million and includes one-loan financings, senior, 2nd lien and subordinated debt, preferred stock and co-investment equity. The firm also underwrites and syndicates first lien loans up to $250 million. Golub Capital will hold up to $150 million per transaction. Industries of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. In addition to its New York headquarters, Golub also has offices in Atlanta and Chicago (www.golubcapital.com).
Pamlico Capital, formerly known as Wachovia Capital Partners, was founded in 1988 and has invested in excess of $3.5 billion in over 200 middle market companies since its inception. Pamlico Capital seeks growth equity and buyout investments of up to $100 million alongside management teams in its target industries, which include business & technology services, communications, and healthcare. The firm currently manages over $2 billion in assets and is based in Charlotte, NC (www.pamlicocapital.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 9-27-12