Golub Capital has served as sole bookrunner and administrative agent for a USD56.8m senior debt financing for Tecomet, a portfolio company of Charlesbank Capital Partners.
Tecomet is a contract manufacturing, engineering and metal fabrication technology company based in Wilmington, Massachusetts.
The company specialises in net shape forging, precision machining, photochemical etching, surface texturing, vacuum brazing, laser and electron beam welding, and rapid prototyping.
Tecomet has over 45 years of experience supplying engineered components and assemblies to the medical, aerospace/defence, and commercial/industrial markets, with special emphasis on orthopaedic, trauma, and spinal implants.
"We are pleased to be working with Charlesbank again," says Golub Capital senior managing director Andrew Steuerman. "We consider them one of the premier middle market financial sponsors, with a disciplined, value-oriented investment approach and a long track record of success. Likewise, we have been impressed with Tecomet and its management team since Charlesbank acquired the company in 2008, and we look forward to this new and promising partnership."
"Golub offered a flexible, fully underwritten financing solution and they understood the value of Tecomet’s distinctive capabilities," adds Brandon White, managing director of Charlesbank. "We appreciated both the financing certainty and efficient process that they provided."
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private equity investment firm managing more than USD2bn of capital.
