Genstar Capital acquires Drillinginfo in $480m deal

Genstar Capital has acquired Drillinginfo, a data and analytics platform, in a deal worth up to $480m.

Golub Capital acted as the administrative agent, joint lead arranger and joint bookrunner for the deal, and supplied Genstar with a $480m senior credit facility for the deal.

Austin-headquartered Drillinginfo is a data and analytics platform for the energy value chain. The platform, which is available in 50 countries, helps users generate insights to exploration and production companies, commodity market companies and capital market participants.

The company also offers a solution for the trading market, using a real-time data engine to aid informed trading decisions. It also helps to manage assets, monitor portfolio risk and automate a number of business processes.

Capital from the round will be used to support the growth of the platform.

Genstar Capital principal David Graham said, “As a leading technology provider that delivers vital competitive intelligence to companies across the oil and gas value chain, Drillinginfo aligns with our focus on investing in data-driven technology companies operating in dynamic markets.

“We selected Golub Capital to finance this transaction based on their long track record of providing flexible and scalable solutions to support growth.”

Earlier in the year, Golub Capital deployed $25m of growth financing into CloudBees, an end-to-end solution which accelerates software development. The credit line came alongside a $37m venture round backed by firms including Matrix Partners and Lightspeed Ventures.

The firm also supplied GI Partners with a debt facility earlier in the year, in order to fund its acquisition of Togetherwork, a payment software developer.

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