Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Gemspring Capital’s (“Gemspring”) acquisition of GoldenSource Corp. (the “Company”), a provider of Enterprise Data Management (EDM) and Master Data Management (MDM) solutions to financial services companies worldwide.
Founded in 1984 and headquartered in New York City, GoldenSource provides software that enables many of the world’s largest and most prominent investment banks, asset managers, and capital markets services firms to manage and derive insights from their data in a more streamlined manner. The Company’s solutions are built upon its industry-leading data model and allow GoldenSource to manage a wide variety of mission-critical data, including securities, customers, entities, ESG, and other data types. GoldenSource also provides related cloud hosting and managed services to enable ease of implementation and seamless ongoing usage.
“The GoldenSource team has developed a best-in-class platform of scalable and mission-critical enterprise data management solutions,” said Bryant Shain, Managing Director at Audax Private Debt. “The Company’s reputation for providing high-quality and insight-driven services demonstrates the value it provides customers, and we believe Gemspring is the perfect partner to continue supporting GoldenSource in this exciting next chapter.”
“Audax Private Debt has been a reliable and thoughtful financing partner,” said Aron Grossman, Managing Director at Gemspring Capital. “We look forward to working with both the GoldenSource and Audax teams as we continue the Company’s growth trajectory.”
GoldenSource is an independent provider of Enterprise Data Management and Master Data Management solutions to financial services customers worldwide. GoldenSource’s offerings enable customers to manage risks, comply with regulatory requirements, and control costs in the middle and back office with a trusted source of complete, consistent information. Its products deliver mission-critical market, reference, customer, position and transaction data to the systems that need it, such as trading, compliance, risk management, settlements, and accounting. Founded in 1984, GoldenSource is headquartered in New York City and has 380 employees across the U.S., Europe, and Asia.
For more information, please visit www.thegoldensource.com.
About Audax Private Debt
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, Audax Private Debt has invested over $28 billion across more than 1,000 companies in support of over 260 private equity sponsors and has raised over $21 billion in capital. The platform offers its clients a range of financing solutions, including first lien, stretch senior, unitranche, second lien and subordinated debt, as well as equity co-investments. With more than 45 investment professionals and over 100 employees, Audax Private Debt provides financing certainty, add-on investment capability, and the experience and collaborative approach to partner with private equity firms and their portfolio companies. For more information, please visit www.audaxprivatedebt.com or follow us on LinkedIn.
Audax Private Debt is an integral part of Audax Group, a leading alternative investment manager with offices in Boston, New York, and San Francisco.
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