Macquarie Invests $125MM in Netsmart
Macquarie CAF Lending provided $125 million of a $250 million first lien senior credit facility to support the recapitalization of Netsmart Technologies by Genstar Capital.
Bill Eckmann, a managing director at Macquarie CAF Lending said “Macquarie is pleased to provide this lending commitment to Netsmart. We are excited to again be partnering with Genstar and another one of their portfolio companies.
Roman Margolin, a principal at Genstar, stated “We are very pleased with the outcome of this transaction, and working with Macquarie in order to achieve it. Macquarie was creative and responsive to our capital objectives for Netsmart, and Macquarie’s ability to deliver a sizable dollar commitment is truly differentiated. We look forward to continuing our long-standing lending relationship with the principals of Macquarie CAF Lending.”
Netsmart provides technology solutions in health and human services to support integrated, coordinated delivery of health services across the spectrum of care.