Press Release

Macquarie CAF lending makes $125 million first lien senior credit facility investment in Netsmart

New York, 03 March 2015

  • Macquarie CAF Lending provided a $250 million first lien senior credit facility to Netsmart as one of two club lenders each providing $125 million
  • Macquarie CAF Lending provided a “one-stop”, direct lending solution to Netsmart without the need for pricing flex or transaction execution risk
  • Facility supports recapitalization of Netsmart by owner and financial sponsor Genstar Capital

Macquarie CAF Lending, part of Macquarie’s Corporate and Asset Finance Group, provided $125 million of a $250 million first lien senior credit facility to support the recapitalization of Netsmart Technologies, Inc. (“Netsmart”) by Genstar Capital, LLC ("Genstar").

Bill Eckmann, a Managing Director at Macquarie CAF Lending said: “Macquarie is pleased to provide this lending commitment to Netsmart. We are excited to again be partnering with Genstar and another one of their portfolio companies."

Roman Margolin, a Principal at Genstar, stated: “We are very pleased with the outcome of this transaction, and working with Macquarie in order to achieve it. Macquarie was creative and responsive to our capital objectives for Netsmart, and Macquarie’s ability to deliver a sizable dollar commitment is truly differentiated. We look forward to continuing our long-standing lending relationship with the principals of Macquarie CAF Lending.”

Netsmart, established in 1968, provides technology solutions in health and human services to support integrated, coordinated delivery of health services across the spectrum of care to more than 23,000 client organizations, including 450,000 care providers and more than 40 state systems.

 

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