| [December 11, 2017] |
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Angelo, Gordon's Twin Brook Capital Partners Commits over $1 Billion to Private Equity-Backed Healthcare Transactions
Twin (News - Alert) Brook Capital Partners ("Twin Brook" or the "Firm"), the
middle-market direct lending subsidiary of Angelo, Gordon & Co., today
announced that it has committed over $1 billion to private equity
sponsors in support of healthcare sector transactions in the middle
market. Since inception, Twin Brook has closed on 42 healthcare
transactions.
Trevor Clark and Chris Williams, Co-Heads of Twin Brook, said, "We are
thrilled to support our private equity sponsor clients investing in U.S.
middle market healthcare companies. Deploying more than $1 billion in
the healthcare sector is a significant milestone and we look forward to
putting more capital to work over the long-term."
Faraaz Kamran, a Twin Brook Partner focused on the Firm's Healthcare
Lending business, added, "We are excited to continue expanding the depth
and breadth of our healthcare business, product offerings and deal flow."
Recent healthcare transactions financed by Twin Brook include:
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Twin Brook served as Sole Lead Arranger and Administrative Agent of a
$61 million financing that supported Varsity Healthcare Partners'
leveraged buyout of The Orthopaedic Institute. The Orthopaedic
Institute is a private practice group of specialty physicians who
provide the complete spectrum of musculoskeletal care from prevention
and diagnosis to treatment and rehabilitation.
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Twin Brook served as Sole Lead Arranger and Administrative Agent of a
$77 million financing that supported Blue Sea Capital's growth
investment in Spectrum (News - Alert) Visin Holdings, LLC. Spectrum Vision is a
management services organization formed to administratively support
Ophthalmic Consultants of Long Island's growth in the Tri-State region.
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Twin Brook served as Joint Lead Arranger and Co-Syndication Agent of a
$350 million financing to support Beecken, Petty, O'Keefe & Company's
add-on acquisition for the Maxor Holdings, Inc. platform. Maxor
Holdings, Inc. provides patients and corporate clients across the
country with pharmacy and healthcare services that are customizable,
comprehensive and cost-effective.
Twin Brook focuses on loans to private equity-owned companies with
EBITDA between $3 million and $50 million, with an emphasis on companies
with $25 million of EBITDA and below. The Firm targets senior financing
opportunities up to $200 million with hold sizes across the Twin Brook
platform ranging from $25 million up to $100 million. Since inception in
the fourth quarter of 2014, Twin Brook has closed 148 transactions and
provided total arranged commitments of approximately $4.5 billion.
About Twin Brook Capital Partners
Twin Brook Capital
Partners is a finance company focused on providing cash-flow based
financing solutions for the middle-market private equity community. The
firm is managed by highly experienced, dedicated professionals who have
successfully worked together throughout their careers at leading
middle-market lending institutions. Twin Brook's flexible product suite
allows for tailored financing solutions for leveraged buyouts,
recapitalizations, add-on acquisitions, growth capital and other
situations. For more information, visit www.twincp.com.
About Angelo, Gordon & Co.
Angelo, Gordon & Co., L.P. is
a privately held limited partnership founded in November 1988. The firm
currently manages approximately $28 billion with a primary focus on
credit and real estate strategies. Angelo, Gordon has over 420
employees, including more than 160 investment professionals, and is
headquartered in New York, with associated offices elsewhere in the US,
Europe and Asia. For more information, visit www.angelogordon.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171211005272/en/
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