Golub Backs Linden’s Buy of Spear
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Golub Backs Linden’s Buy of Spear

golub nf2Golub Capital was the Sole Lead-Arranger and Administrative Agent on a financing to support the acquisition of Spear Education by Linden Capital Partners.

Spear Education is a provider of post-graduate dental education. The company provides dentists with an integrated educational platform, featuring campus-based and distance-learning resources that provide training in specialty dental procedures, as well as patient communications skills, practice management acumen, and referral networks with other dentists. Spear Education was founded in 2006 and is headquartered in Scottsdale, AZ (www.speareducation.com).

michael watts nf1“We are excited to work with Golub Capital again.  Consistent with our prior experiences with their healthcare finance team, Golub Capital acted quickly and decisively, ultimately delivering a very efficient financing package that provided a solution to our needs,” said Michael Watts, a Principal at Linden Capital Partners.

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 underwrites and syndicates first lien loans up to $300 million. Golub Capital will hold up to $200 million per transaction. Industries of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub has offices in New York and Chicago (www.golubcapital.com).

stefano robertson bf1”Spear Education offers general practice and specialist dentists a unique opportunity to further enhance their knowledge base, skill set, and peer network, which can have a powerful and positive impact on their practice.  Spear Education represents a differentiated offering that benefits from all of the supporting macro-trends driving industry growth,” said Stefano Robertson, Managing Director and the head of Golub Capital’s healthcare finance team.  “Linden has excellent insight into the dental end markets and is very well positioned to help the company achieve its growth objectives, so we are thrilled to invest in this company alongside of them.”

Linden Capital Partners is focused exclusively on leveraged buyouts in the healthcare and life science industries. Linden’s strategy is based upon four elements: specialization on middle market healthcare and life science companies; integrated private equity and operating expertise; customized value creation programs for each portfolio company; and strategic relationships with large corporations. The firm is based in Chicago (www.lindenllc.com).

2014 PEPD • Private Equity’s Leading News Magazine • 8-20-14

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