Golub Capital Provides Debt Financing to Support the Acquisition of Hosting.com by...

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Tue May 19, 2009 12:24pm EDT

Golub Capital Provides Debt Financing to Support the Acquisition of
Hosting.com by HostMySite, Inc.

NEW YORK, May 19 /PRNewswire/ -- Golub Capital today announced that it has
provided a $22.0 million senior credit facility to support the acquisition of
Hosting.com by HostMySite, Inc., a portfolio company of Wachovia Capital
Partners (WCP), which contributed additional equity to close the transaction.

HostMySite is a leading hosting provider, delivering highly scalable solutions
including managed hosting, dedicated hosting, virtual private servers, and
shared hosting. WCP acquired HostMySite in June 2008, partnering with
experienced industry executives Art Zeile and Joel Daly, who assumed the roles
of CEO and COO, respectively. Hosting.com is a leading multi-location provider
of managed hosting and colocation services to small- and medium-sized
businesses.

The combination of HostMySite and Hosting.com creates a premier provider of
managed hosting and colocation solutions with an industry-leading service
offering and a nationwide footprint, including data centers in San Francisco,
Irvine, Louisville, and Newark, Delaware.

"HostMySite is exactly the type of company we are excited to partner with in
this difficult economic environment," says Golub Capital Principal Troy Oder.
"Despite challenging market conditions, the company's performance has been
strong, and its business model has proven to be resilient. WCP and management
have done an excellent job building a platform with meaningful scale and
diversity."

This is Golub Capital's first transaction with WCP.

"In a market where few lenders are lending, Golub Capital quickly recognized
HostMySite's strengths and delivered an attractive financing solution to
facilitate the transaction," says Scott Stevens, a Principal at WCP. "The
acquisition of Hosting.com positions the company for continued growth, and we
are confident in Golub Capital's ability to support that growth."

About Golub Capital
Golub Capital is a leading provider of financing solutions for the middle
market, including one-loan financings, senior, second lien and subordinated
debt, preferred stock and co-investment equity. The firm was named "Middle
Market Lender of the Year" or similar for achievements in 2008 by three
leading industry magazines: Buyouts Magazine, Mergers & Acquisitions (the
official publication of ACG) and M&A Advisor. For more information, please
visit the firm's website at www.golubcapital.com.

About Wachovia Capital Partners
WCP is a private equity investment affiliate of Wachovia, a Wells Fargo
Company, the nation's fourth largest bank. WCP currently maintains an
investment portfolio of roughly $1 billion.


SOURCE  Golub Capital

Troy Oder, Principal for Golub Capital, +1-312-254-5742 or
toder@golubcapital.com
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