Macquarie provides unitranche financing to support acquisition of Logibec by GI Partners
New York, 06 Mar 2015
- Macquarie CAF Lending provided a customized unitranche financing solution to facilitate financial sponsor GI Partners’ acquisition of healthcare IT company Logibec
- The Logibec financing, funded entirely in Canadian dollars, comprised a “one-stop” direct lending solution without the need for pricing flex or transaction execution risk
Macquarie CAF Lending, part of Macquarie’s Corporate and Asset Finance group, recently announced a customized unitranche financing solution to support the acquisition of Logibec, Inc. by GI Partners.
This transaction demonstrates Macquarie CAF Lending’s ability to structure timely and comprehensive unitranche financing solutions for the financial sponsor community.
Bill Eckmann, a Managing Director of Macquarie CAF Lending, said: “We are excited to work with GI Partners and be their financing partner. Logibec's market leading position, long-standing customer relationships, and recurring revenue model provide a foundation for continued growth."
Howard Park, Managing Director at GI Partners, added: "Macquarie CAF Lending created a flexible, structured solution responsive to our financing needs. Their ability to commit to a large, one-stop, unitranche solution was critical to the successful closing of the transaction on a timely basis."
Dave Kreter, Vice President of GI Partners, stated: "We have enjoyed working with Macquarie CAF Lending on our first transaction together, and we look forward to growing our relationship."
Logibec is one of Canada's largest healthcare IT companies specializing in the development, marketing, implementation, and support of clinical and administrative information systems. Dedicated entirely to the health and social services sectors, the company's software is used by a large number of healthcare facilities. Logibec was founded in 1982 and is headquartered in Montreal.
About Macquarie Group
Macquarie Group (ASX:MQG)(ADR:MQBKY) is a leading provider of banking, financing, advisory, investment and fund management services. Founded in 1969, Macquarie Group employs more than 13,900 people in 28 countries.
About Macquarie CAF Lending
Part of the Macquarie Group's Corporate and Asset Finance business, Macquarie CAF Lending is the principal lending and investing arm of Macquarie focused on corporate and commercial real estate clients. As a leading primary lender across North America, Europe, and Australia, Macquarie CAF Lending has provided more than $28 billion of new lending commitments to over 400 clients globally since 2009.
In addition to the ability to deliver a one-stop unitranche financing for the acquisition or recapitalization of businesses with $10 million to $60 million EBITDA, Macquarie CAF Lending provides revolvers, senior and stretch senior loans, junior capital including second lien loans, mezzanine and private high-yield notes, holdco notes, structured or preferred equity financing, and asset, project and commercial real estate financing alternatives.