Daily News: November 6, 2012

Golub Capital Provides Debt Facility for SAS Acquisition


Golub Capital announced that as sole bookrunner and administrative agent it provided a $35 million GOLD financing and equity co-investment to support the acquisition of Southern Anesthesia and Surgical, Inc. (SAS) by Beecken Petty O’Keefe & Company (BPOC). GOLD financings are Golub Capital’s one-loan debt facilities.

Based in South Carolina, Southern Anesthesia and Surgical is a national distributor of pharmaceuticals and surgical supplies to oral health professionals that perform sedation-related dental and surgical procedures.

“SAS represents a strong growth platform serving a very stable core of oral and maxillofacial surgeons, periodontists, and dentists,” said Golub Capital managing director Stefano Robertson, who leads the firm’s healthcare efforts. “BPOC brings a long and successful history of investing both in dental and distribution and we are excited to have partnered with them in this transaction.”

“Golub Capital proved to be a very good partner for us in this deal as they worked efficiently and were able to provide a full solution to our financing needs,” said Tom Schlesinger, a partner at BPOC. “Throughout the process we viewed their Healthcare Finance team as our partner and they executed the transaction seamlessly. We look forward to working with them again.”

Golub Capital is a provider of financing solutions for the middle market, including one-loan financings, senior, second lien and subordinated debt, preferred stock and co-investment equity.

Beecken Petty O’Keefe & Company is a Chicago-based private equity management firm founded in 1996 to invest in middle-market buyout transactions, recapitalizations and growth platforms in the healthcare industry.