Press Release

Macquarie provides unitranche financing to support acquisition of Logibec by GI Partners

New York, 06 March 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.

 

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