Golub Capital Provides One-Loan Financing to Support The Riverside Company's Acquisition of Avatar International, LLC

CHICAGO, Sept. 7, 2011 /PRNewswire/ -- Golub Capital today announced that as Sole Bookrunner and Administrative Agent, it provided a GOLD financing to support the acquisition of Avatar International, LLC ("Avatar") by The Riverside Company ("Riverside"). GOLD financings are Golub Capital's One-Loan Debt facilities.

Avatar, a research and consulting company based in Orlando, FL, specializes in Evidence Based Intelligent Surveys™ and Innovative Strategies™ to transform information into significant quality and efficiency of care improvement for the healthcare industry. In addition to conducting surveys, Avatar also actively engages healthcare providers in process improvements, including training in service quality. Avatar serves healthcare organizations nationally, including small community hospitals, academic medical centers, large regional medical centers, integrated healthcare systems, long-term care and behavioral health organizations.

This is Golub Capital's fifth transaction with The Riverside Company.

"Avatar has exhibited exceptional growth and offers a valuable service offering in a highly attractive sector of the healthcare industry.  The Company's differentiated technology allows customers to monitor and improve the patient experience, which is very important to providers of healthcare.  We are excited to partner with Riverside on another exciting investment," stated Andy Steuerman, a Golub Capital Senior Managing Director.

"We have worked with Golub Capital on a number of transactions over the last few years, which have been challenging times in the credit markets.  Consistent with our past experiences, Golub's ability to buy and hold the entire debt facility allowed us to have certainty to close this transaction.  We look forward to closing additional transactions with the Golub team in the future," said Karen Pajarillo, a Partner at Riverside.

About Golub Capital

With over $5 billion in capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including GOLD (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 $100 million per transaction.

Golub Capital is currently ranked as the #1 Middle Market Bookrunner for H1 2011 by Thomson Reuters Loan Pricing Corporation. 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, please 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 enterprises valued at up to $200 million (€200 million in Europe). The firm partners with strong management teams and enhances its investments through acquisitions and organic growth. Since its founding in 1988, Riverside has invested in 239 transactions with a total enterprise value of more than $5.4 billion/€4.4 billion. The firm's portfolio in North America, Europe and the Asia Pacific region includes 70 companies with roughly 14,000 employees. Riverside completes acquisitions smoothly thanks to $3.4 billion/€2.7 billion in assets under management, more than 195 professionals in 19 offices, and longstanding relationships with partner lenders. For more information, visit riversidecompany.com.

SOURCE Golub Capital



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