Golub Capital announced as administrative agent, co-lead arranger and joint bookrunner, it provided a GOLD financing to support the acquisition of Internet Pipeline by Thoma Bravo. GOLD financings are Golub Capital one-loan debt facilities.

iPipeline is a leading provider of cloud-based software solutions to the life insurance industry. The company’s solutions automate the life insurance sales process, electronically integrate each participant in the insurance value chain, and reduce the time, cost and error rate of processing insurance applications.

This is the fourth transaction Golub Capital has financed for Thoma Bravo in the past 12 months. Earlier this year, Golub Capital provided a senior credit facility to support Thoma Bravo’s acquisition of PowerPlan.

“The Company has a strong reputation among software vendors in the life insurance industry. iPipeline’s solutions have driven meaningful and measurable ROI for its customers by automating historically manual processes. We are very excited to become a partner to iPipeline and support the Company’s continued growth,” said Spyro Alexopoulos, managing director at Golub Capital. “We are also thrilled to complete another transaction with a world class sponsor partner in Thoma Bravo who is uniquely positioned to add value to the Company by drawing on its extensive experience in the vertical application software market.”

“We chose Golub Capital to lead the transaction because they have a deep expertise in the technology sector and they understand our strategy to grow the business. They provided us with a highly flexible, scalable and compelling solution in a short time frame that will enable us to execute on our plan,” said Brian Jaffee, vice president at Thoma Bravo.