Houlihan Lokey Advises GCOM

Houlihan Lokey is pleased to announce the successful placement of $545 million of committed capital to support the merger of GCOM Software LLC (GCOM), a portfolio company of Sagewind Capital LLC (Sagewind), and OnCore Consulting LLC (OnCore).

GCOM delivers outcome-driven technology solutions to public sector agencies that improve population well-being, create safer and more equitable communities, and foster a thriving economy. GCOM’s SaaS solutions, coupled with its IT and data analytics services, help governments to provide real-world program impact for residents. Spanning health and human services, public safety, and economic development, GCOM’s solutions include several purpose-built products focused on the Nutrition Program for Women, Infants, and Children (WIC), advanced tax analytics, self-sovereign identity, community health analytics, and more.

OnCore is a leading provider of IT consulting services for the public sector in California, partnering with clients to develop pragmatic solutions to complex business problems. OnCore serves California state agencies with a focus on health and human services, tax and revenue, pension solutions, and energy and conservation solutions. OnCore’s IT services include cloud solutions, enterprise architecture, custom development, project management, and more.

Sagewind is a New York-based middle-market private equity firm that partners with exceptional management teams and focuses on significant capital appreciation by helping businesses grow organically and through strategic acquisitions. Sagewind invests across several industries, including government services, aerospace and defense, software, information technology, healthcare, and business services. The firm is focused on long-term capital appreciation and has the flexibility to own businesses for extended periods.

Houlihan Lokey’s Capital Markets Group served as an exclusive placement agent to GCOM, assisting the company in arranging, structuring, and negotiating the senior credit facility as well as the HoldCo PIK notes tranche. The transaction highlights Houlihan Lokey’s ability to leverage its senior relationships with capital providers to deliver favorable outcomes for its clients on an accelerated timeline. Houlihan Lokey was able to secure a highly attractive financing solution with a flexible covenant package in an expedited time frame to meet the demands of the merger process.

RELATED: Government Services and Technology, Financial Sponsors Coverage, Capital Markets