Latham & Watkins Advises Golub Capital in Financing of Diligent Corporation’s Acquisitions of Galvanize and Steele Compliance Solutions, Inc.

Latham & Watkins advised direct lender Golub Capital on two incremental financings in an aggregate principal amount of approximately US$800 million in support of Diligent Corporation’s acquisitions of Galvanize, a global leader in SaaS governance, risk, and compliance (GRC) software, and Steele Compliance Solutions, Inc., a leader in ethics and compliance software, and future acquisitions. Diligent is now the world’s largest GRC SaaS company with more than 1,500 employees and one million users. As reported by LCD News, “with the incremental facilities, the size of the company’s unitranche facility has been expanded to more than US$2.1 billion.”

New York partner Alfred Xue led the Latham team that represented Golub in the financings, with New York associates Marcela Ruenes, Rebecca Warner, and Angelikha Ishkhanyan.

Latham is the leading lender’s counsel for unitranche loans, advising on more US unitranche issuances above US$1 billion reported by LCD News than any other firm.