NEW YORK & CHICAGO--(BUSINESS WIRE)--Twin 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:
- 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.
- 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 Vision 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.
- 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.