Dyal Capital’s minority investment in Golub Capital

J.P. Morgan Securities LLC advised Golub Capital on the transaction. Kirkland & Ellis LLP served as legal counsel to Golub Capital. Fried, Frank, Harris, Shriver & Jacobson LLP served as legal counsel to Dyal.

Golub Capital LLC (together with its affiliates, “Golub Capital” or the “Firm”) announced today that it has sold a passive, non-voting minority stake in its management companies to Dyal Capital Partners (“Dyal”), a division of Neuberger Berman. Terms of the investment were not disclosed.

Golub Capital plans to use Dyal’s investment as permanent capital to expand the Firm’s capabilities to deliver distinctive, compelling and reliable financing solutions to its private equity sponsors and attractive, consistent returns for investors in its funds. All proceeds from the transaction will remain invested in the Firm. There will be no change in Golub Capital’s strategy, management team, investment team, investment process or day-to-day operations as a result of the investment.

The Kirkland team was led by investment funds partner Jordan Murray (Picture) and corporate partner Chuck Fellers, and included investment funds partners Daniel Lavon-Krein and Stefan Paulovic and associate Tana Wilner; corporate associates Amanda Border and Dan Vaczy; tax partners Don Rocap and Lee Morlock and associate Dan Sito; and debt finance partner Jocelyn Hirsch and associate Duncan McKay.

Involved fees earner: Charles Fellers – Kirkland & Ellis; Amanda Border – Kirkland & Ellis; Daniel Vaczy – Kirkland & Ellis; Jordan Murray – Kirkland & Ellis; Daniel Lavon-Krein – Kirkland & Ellis; Stefan Paulovic – Kirkland & Ellis; Tana Wilner – Kirkland & Ellis; Donald Rocap – Kirkland & Ellis; Lee Morlock – Kirkland & Ellis; Daniel Sito – Kirkland & Ellis; Jocelyn Hirsch – Kirkland & Ellis; Duncan McKay – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Golub Capital LLC;

Author: Ambrogio Visconti