NEW YORK, Oct. 11, 2016 /PRNewswire/ -- Golub Capital
announced today that as Administrative Agent, Sole Bookrunner and
Sole Lead Arranger, it provided GOLD financing to The Carlyle Group
("Carlyle") to finance its acquisition of NetMotion Wireless, Inc.
("NetMotion") from Clearlake Capital Group ("Clearlake"). GOLD financings are Golub Capital
One-Loan Debt facilities.
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NetMotion provides mobile performance management software that
accelerates business-critical applications, hybrid networks and
mobile devices. The company's products are lauded throughout the
industry, having won over 30 industry awards for outstanding
technology. NetMotion's products are used by more than 3,500
organizations globally across multiple industries including
utilities, healthcare, telecommunications, public safety,
government, insurance and manufacturing. Their solutions
significantly improve the mobile end-user experience and empower IT
with a software-defined mobility platform to manage their mobile
enterprise.
"We are thrilled to partner with The Carlyle Group on a
One Carlyle deal for the next
chapter of the NetMotion story. NetMotion provides private and
public organizations from first responders to large enterprises
with vast networks vital connectivity for essential day to day
operations," said Hyun Chang,
Managing Director at Golub Capital. "We are fortunate enough
to maintain strong relationships with industry-leading private
equity partners like Clearlake,
which afforded us an early look at this attractive opportunity. We
look forward to continuing our relationships with our partner
firms, which have strong track records and high growth
potential."
Michael Wand, Managing Director
at The Carlyle Group and Head of the Carlyle Europe Technology
Partners team, said: "Having worked with the CEO Christopher Kenessey before at a former
portfolio company, we are confident that he and his team will be
able to develop NetMotion into a next-generation mobile performance
management solution provider with global scale. This is a true
One Carlyle deal, with two Carlyle
funds supporting the transatlantic expansion growth plans of a
mid-sized US technology business that was looking for a partner
with industry expertise and worldwide reach. One of the key growth
regions for NetMotion is Europe
where the company has early customer successes and a market ready
for disruption."
Behdad Eghbali, Managing Partner
at Clearlake said, "Golub Capital
was the obvious choice when seeking a reliable, efficient partner.
Based on our Syncsort financing experience, Golub's unitranche debt
solution provides a myriad of benefits to the sponsor, making it a
stable and reliable financing option."
NetMotion marks the second lead software transaction Golub
Capital has completed with The Carlyle Group. Golub Capital
provided Carlyle with a GOLD facility to partner with company
management to acquire ECi Software Solutions in 2014.
About Golub Capital Middle Market Lending
Golub Capital's Middle Market Lending group provides financing
for middle market, private equity-backed transactions with hold
positions of up to $300 million and
is an arranger of credit facilities up to $750 million. Golub Capital's award winning team
strives to establish long-term, win-win partnerships by providing
dependable, fast and creative solutions that meet private equity
sponsors' and portfolio companies' needs.
Golub Capital is a nationally recognized credit asset manager
with over $18 billion of capital
under management. For over 20 years, the firm has provided
credit to help medium-sized U.S. businesses grow. The firm's
award-winning middle market lending business helps provide
financing for middle market companies and their private equity
sponsors. Golub Capital's credit expertise also forms the
foundation of its Late Stage Lending and Broadly Syndicated Loan
businesses. Golub Capital has worked hard to build a reputation as
a fast, reliable provider of compelling finance solutions, and we
believe this has inspired repeat clients and investors. Today, the
firm has over 300 employees with lending offices in Chicago, New
York and San Francisco. For
more information, please visit www.golubcapital.com
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global alternative asset
manager with $176 billion of assets
under management across 127 funds and 164 fund of funds vehicles as
of June 30, 2016. Carlyle's purpose
is to invest wisely and create value on behalf of its investors,
many of whom are public pensions. Carlyle invests across four
segments – Corporate Private Equity, Real Assets, Global Market
Strategies and Investment Solutions – in Africa, Asia,
Australia, Europe, the Middle
East, North America and
South America. Carlyle has
expertise in various industries, including: aerospace, defense
& government services, consumer & retail, energy, financial
services, healthcare, industrial, real estate, technology &
business services, telecommunications & media and
transportation. The Carlyle Group employs more than 1,650 people in
35 offices across six continents.
About Clearlake Capital Group
Clearlake Capital Group, L.P. is a private investment firm with
a sector-focused approach. The firm seeks to partner with
world-class management teams by providing patient, long-term
capital to dynamic businesses that can benefit from Clearlake's operational and strategic
expertise. The firm's core target sectors include technology,
communications and business services; industrials, energy and
power; and consumer products and services. Clearlake currently has over $3.5 billion of assets under management.
More information is available at www.clearlake.com.
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