Audax Private Debt announced that, as Joint Lead Arranger, it provided a senior secured credit facility to support the acquisition of Soliant Health ("Soliant"), a leading healthcare services outsourcing platform, by Olympus Partners, a private equity firm focused on providing equity capital for middle market management buyouts and for growing companies across a broad range of industries.
Headquartered in Tucker, GA, Soliant provides healthcare placement and staffing services for the education, nursing, pharmacy, and life sciences segments across the United States. The company identifies and recruits highly-skilled healthcare professionals across a wide range of specialties and connects them with healthcare providers, primarily on a temporary basis.
"As one of the nation’s largest healthcare staffing companies, Soliant has a well-deserved reputation for pairing talented caregivers and clinicians with a wide array of leading hospitals and educational providers," said Blake Loweth, Managing Director at Audax Private Debt. "The company provides strong value for its customers, healthcare professionals and employees, and we look forward to supporting the Soliant team and Olympus as they continue to grow the business."
About Audax Private Debt
Audax Private Debt has invested over $19 billion across more than 775 established middle market companies in support of over 220 private equity sponsors. Our platform offers a range of financing solutions, including first lien, stretch senior, unitranche, second lien, subordinated debt, and equity co-investments. We provide financing certainty, add-on investment capability, and the experience and collaborative approach to work with portfolio companies. Based in New York, our experienced team of investment professionals has built lasting relationships, establishing Audax Private Debt as a trusted name and leader in the U.S. middle market. For more information, visit the Audax Private Debt website www.audaxprivatedebt.com.
Audax Private Debt is an integral part of Audax Group, a leading alternative investment manager headquartered in Boston with offices in New York and San Francisco. Since its founding in 1999, the firm has raised over $26 billion in capital across its Private Debt and Private Equity businesses.
Soliant (www.soliant.com) is a healthcare services outsourcing platform. The company identifies and recruits highly-skilled healthcare professionals across a wide range of specialties and connects them with healthcare providers in the education, nursing, pharmacy, and life sciences segments, primarily on a temporary basis. Soliant has approximately 500 employees and is headquartered in Tucker, GA with offices in Florida, Illinois, Massachusetts, California and Texas.
About Olympus Partners
Founded in 1988, Olympus Partners is a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Olympus is an active, long-term investor across a broad range of industries including business services, food services, consumer products, healthcare services, financial services, industrial services, and manufacturing. Olympus manages in excess of $8.5 billion mainly on behalf of corporate pension funds, endowment funds and state-sponsored retirement programs.
Audax Private Debt
Sard Verbinnen & Co.
David Millar/Julie Rudnick