Golub Capital served as sole bookrunner, sole lead aranger and administrative agent for a $375 million GOLD facility to support the acquisition of Halogen Software by Saba Software, a portfolio investment of Vector Capital. GOLD financings are Golub Capital One-Loan Debt facilities.
Saba delivers a cloud-based talent management and engagement solution used by organizations worldwide. The financing will support the combination of Saba and Halogen, extending Saba’s position as a provider of end-to-end SaaS Talent Management solutions. Combined, Saba and Halogen will serve more than 4,000 customers worldwide.
“The combination of Saba and Halogen creates a market-leading talent management software platform,” said Troy Oder, managing director at Golub Capital. “With an excellent management team and exceptionally strong sponsor support from Vector Capital, we anticipate a successful next phase of growth for Saba, and are thrilled to support this transaction.”