insightsoftware gets $590 million incremental debt facility

By Sara Rosenberg

New York, Oct. 12 – insightsoftware closed on a $590 million incremental capital raise that took its non-rated unitranche debt facilities to above $2.05 billion, according to a market source.

Golub Capital acted as the left lead arranger on the deal.

Proceeds will be used to fund an acquisition and further enhance the company’s liquidity position for future acquisitions.

insightsoftware, a portfolio company of Hg Capital, TA Associates and Genstar Capital, is a Raleigh, N.C.-based provider of financial reporting and enterprise performance management software.

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