Varagon Capital Partners is serving as administrative agent on a $75 million unitranche credit facility to support the acquisition of GCM by Avista Capital Partners.
Founded in 1983 and headquartered in Union City, CA, GCM is a MedTech outsourced precision manufacturer.
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“Varagon was a great partner for Avista Capital Partners on this transaction. They understood our financing needs, and operated with professionalism and expediency. We look forward to working with them in the future,” said Rob Girardi, partner at Avista.
Avista Capital Partners is a private equity firm that invests in leading healthcare companies.
Varagon is a lender to middle market companies and private equity firms.
