2020 Technologies and Compusoft are holding companies of Genstar Capital and TA Associates, respectively.
NEW YORK, December 1, 2021 / PRNewswire / – Golub Capital acted as Administrative Agent and Joint Principal Arranger on a $ 1 billion GOLD facility to finance the merger of 2020 Technologies (“2020”) and Compusoft by Genstar Capital and TA Associates. GOLD financings are debt facilities with a loan from Golub Capital. The GOLD facility was funded using a combination of US dollars, Canadian dollars, UK pounds sterling and Eurodollars.
Golub Capital is an administrative agent until 2020 since Genstar acquired the company from Golden Gate Capital in May 2021. Golub Capital has more than doubled the size of the GOLD facility to support the subsequent 2020 merger with Compusoft. The combined company will be majority owned by Genstar Capital and TA Associates.
âWe are delighted to support the combination of these two leading software platforms backed by two leading sponsors with whom we have long-standing and valuable partnerships,â said Spyro Alexopoulos, Senior Managing Director and Head of Origination at Golub Capital. âOur confidence in both sponsors, along with our in-depth software expertise, allowed us to quickly establish a high level of conviction in the deal and deliver a GOLD facility designed to grow as the business grows. “
About Golub Capital Sponsor Finance
Golub Capital is an award-winning direct lender and market-leading credit asset manager, with over 40 billion dollars of capital under management. Golub Capital specializes in providing reliable, creative and compelling financing solutions to companies backed by private sponsors. The company’s direct loan group provides buy-and-hold financing for sponsor-backed transactions with hold positions of up to $ 700 million and arranges syndicated credit facilities up to $ 2+ billion.
In all of its activities, Golub Capital maintains long-term win-win partnerships that inspire repeat business from sponsors and private equity investors. Founded over 25 years ago, Golub Capital now has more than 590 employees and loan offices at Chicago, new York, San Francisco and London. For more information, please visit golubcapital.com.
About 2020 Technologies inc.
2020 helps professional designers, retailers and manufacturers in the interior design and furniture industries capture ideas, inspire innovation and streamline processes. By providing end-to-end solutions and a large collection of manufacturer catalogs, the 2020 apps empower professional designers and retailers to create such stunning kitchens, bathrooms, furniture and commercial offices on screen. than in reality. 2020 solutions for furniture and cabinet makers provide comprehensive manufacturing operations management capability to run their factories with maximum efficiency. Founded in 1987 and based in Westford, Massachusetts, 2020 employs over 850 people with direct operations in 11 countries and supports customers in many other locations around the world through a network of value-added resellers. For more information, please visit www.2020spaces.com.
Compusoft provides visual CPQ solutions that simplify planning, configuration and visualization to power sales processes for the kitchen, bathroom, furniture, and door and window industries. Compusoft’s solutions support customers throughout the sales value chain, from end customers to manufacturers, and are backed by a rich database of content. Founded in 1989, Compusoft is headquartered in Sarpsborg, Norway, and serves customers in over 100 countries with over 600 people in 18 countries across Europe, Asia Pacific and North America. For more information, please visit www.compusoftgroup.com.
About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – the company invests in profitable and growing businesses offering opportunities for sustained growth, and has invested in more than 550 companies around the world. Investing as a majority or minority investor, TA takes a long-term approach, using its strategic resources to help management teams create lasting value in high quality growth companies. TA raised $ 47.5 billion in capital since its creation in 1968 and is committed to new investments at the rate of more than $ 3 billion per year. The company’s more than 100 investment professionals are based in Boston, Menlo Park, London, Bombay and Hong Kong. You can find more information on TA at www.ta.com.
About Genstar Capital
Genstar Capital is a leading private equity firm that has actively invested in high quality companies for over 30 years. Situated at San Francisco, Genstar works in partnership with its management teams and its network of strategic advisors to transform the companies in its portfolio into leading companies. With Genstar X and all active funds, Genstar currently has around $ 33 billion assets under management and targets investments focused on targeted segments of the financial services, healthcare, industrial and software sectors. You can find more information about Genstar Capital at www.gencap.com.
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SOURCE Golub Capital