Golub Capital was the Joint Lead Arranger, Joint Bookrunner and Senior Administrative Agent, on a $195 million senior credit facility to back the recent acquisition of PowerPlan by Thoma Bravo.
PowerPlan is a provider of asset-centric accounting, tax, budgeting and analytics software for asset-intensive businesses that operate within the utility, oil and gas, transportation, and telecom industries. The company was founded in 1994 and is based in Atlanta (www.powerplan.com).
PowerPlan marks the sixth Thoma Bravo portfolio company that Golub Capital has invested in. The firm’s most recent transactions include the 2014 acquisitions of Sparta Systems and Global Healthcare Exchange. “Golub Capital provided a deep understanding of the industry and our execution strategy, which provided us with confidence they would deliver an effective financing solution,” said Peter Stefanski at Thoma Bravo. “Golub Capital once again exceeded our high expectations for a financing partner.”
“PowerPlan is a leading enterprise-class provider with an extraordinary management team,” said Spyro Alexopoulos, Managing Director at Golub Capital. “We are thrilled to be working yet again with our long-time partner and world-class sponsor Thoma Bravo.”
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 loans up to $500 million and will hold up to $250 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, Chicago, and San Francisco (www.golubcapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-24-15
