Golub Capital announced that as administrative agent, sole lead arranger and sole bookrunner, it provided a GOLD financing to support the acquisition of Syncsort by Clearlake Capital Group. GOLD financings are Golub Capital’s One-Loan Debt facilities.
Golub Capital said it has been a lender to Syncsort since 2010. This marks the third transaction Golub Capital has led for the company.
“We are excited to support Syncsort’s next growth phase and are enthusiastic to expand our relationship with Clearlake through this transaction. We look forward to closing more deals together with Clearlake” said Andy Steuerman, head of Middle Market Lending and Late Stage Lending.
“We chose Golub Capital to lead the transaction because they have a deep expertise in the technology sector and have been a trusted lender to Syncsort since 2010. The Golub Capital team’s knowledge, relationship and familiarity with the company enabled us to move quickly, while providing certainty and efficiency. We look forward to working with them again on future transactions,” said Behdad Eghbali and Prashant Mehrotra at Clearlake Capital Group.
Woodcliff Lake, NJ-based Syncsort provides powerful, secure, enterprise-grade software that spans “Big Iron to Big Data,” including fast-growing analytical platforms such as Apache Hadoop, Splunk, Apache Spark, and the cloud, as well as more mature platforms such as the IBM z Systems mainframe.