NEW YORK, March 5, 2012 /PRNewswire/ -- Golub Capital announced today that as Sole Lead Arranger and Sole Bookrunner it provided a $106 million GOLD financing and an equity co-investment in connection with the acquisition of EthicsPoint, Inc. ("EthicsPoint") by ELT Holding Company ("ELT"). ELT is a portfolio company of The Riverside Company ("Riverside"). GOLD financings are Golub Capital's One-Loan Debt facilities.
The acquisition of EthicsPoint follows Golub Capital's December 2011 financing for ELT's acquisition of Global Compliance Services, Inc. ("Global Compliance"). The combination of the three businesses creates a leading governance, risk and compliance (GRC) platform with significantly expanded capabilities and resources, a workforce of several hundred employees, a client base of nearly 6,500 organizations around the globe, and an unmatched commitment to quality and continual innovation.
"At a time when many global leaders and businesses are questioning the need for increased regulations, we are championing GRC," said Loren Schlachet, Managing Partner with Riverside. "We believe that these tools, along with embracing good old-fashioned ethics, are actually the roots to creating lasting value for a business."
The combined entity intends to deliver an industry-leading, comprehensive platform that provides clients with access to the best solutions to protect their organizations, enhance their workplace environments, and drive better business results. Solutions include:
- Whistleblower hotlines;
- Advanced case management;
- Reporting and analytics;
- Robust online training and awareness programs;
- Expert advisory consulting;
- Performance benchmarking;
- Data privacy; and
- Third-party risk analysis.
"We are excited to support Riverside and its portfolio company, ELT, in its acquisitions of Global Compliance and EthicsPoint," stated Andy Steuerman, Senior Managing Director at Golub Capital. "The combined company represents an attractive leader in the GRC space and Riverside is the ideal sponsor to build this platform due to its expertise in software and business services."
"We strongly believe in the GRC market," said Joe Lee, Principal with Riverside. "Our enthusiasm for investing in this combined entity is rooted in the understanding that customers are seeking more sophisticated solutions to their complex GRC challenges. We chose to partner with Golub Capital due to their incumbent lender status with Global Compliance, our comfort with their execution on prior Riverside transactions, and their ability to deliver a flexible financing solution in a timely manner."
About Golub Capital
With over $5 billion of capital under management, 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 underwrites and syndicates senior credit facilities up to $200 million. Golub Capital's hold sizes range up to $100 million per transaction.
Golub Capital is ranked a #1 Traditional Middle Market Bookrunner for 2011 by Thomson Reuters LPC for senior secured loans of up to $100 million for leveraged buyouts (based on number of deals completed). Golub Capital was named "Middle Market Lender of the Year" by Buyouts magazine in 2009 and 2010. The firm was also honored as "Debt Financing Agent of the Year" by M&A Advisor in 2010. Golub Capital is a national firm with principal offices in Chicago and New York. For more information, visit the firm's website at golubcapital.com.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $200 million. Since its founding in 1988, Riverside has invested in more than 275 transactions. The firm's international portfolio includes more than 75 companies, and it has $3.2 billion in assets under management. For more information, visit riversidecompany.com.
SOURCE Golub Capital