Golub Capital Provides One-Loan Debt Facility to Support the Acquisition of Massage Envy, LLC by Roark Capital Group
CHICAGO, Oct. 1, 2012 /PRNewswire/ -- Golub Capital announced today that as Joint Bookrunner and Administrative Agent it provided financing to support the acquisition of Massage Envy, LLC ("Massage Envy" or the "Company") by Roark Capital Group ("Roark Capital").
Massage Envy, based in Scottsdale, Ariz., is the leading provider of therapeutic massage in the United States. The national franchise is dedicated to providing professional and affordable therapeutic massage and spa services to consumers with busy lifestyles, at convenient times and locations. Massage Envy has more than 1.25 million members spread across 800 locations in 45 states. In 2012, Massage Envy franchisees will provide more than 16 million massage and facial treatments to members and guests.
"We are excited to support Roark Capital's acquisition of Massage Envy," said Troy Oder, Managing Director at Golub Capital. "Massage Envy is a market leader in a unique consumer niche, and Roark Capital is an ideal partner to support the Company's next phase of growth due to their deep expertise in the consumer services sector. We look forward to continuing our long and successful relationship with the Roark Capital team."
"Golub Capital provided a compelling financing solution to support our acquisition of Massage Envy," said Ezra Field, Managing Director at Roark Capital. "They have proven to be a strong financing partner to several of our platforms, and their facility offered a terrific combination of certainty, speed, flexibility and competitive terms."
About Golub Capital
With over $6 billion of capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm's proprietary GOLD and MEGA GOLD facilities), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates senior credit facilities up to $250 million. Golub Capital's hold sizes range up to $200 million per transaction.
Golub Capital has been a top 3 Traditional Middle Market Bookrunner each year from 2008 through 1H 2012 for senior secured loans of up to $100 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals). In 2012, Golub Capital was awarded the ACG New York Champion's Award for "Senior Lender Firm of the Year." Golub Capital is a national firm with principal offices in Chicago and New York. For more information, please visit the firm's website at www.golubcapital.com.
About Roark Capital Group
Roark Capital Group is an Atlanta-based private equity firm that specializes in franchise, brand management, environmental services and marketing services companies with attractive growth prospects. Roark focuses on middle-market investment opportunities through family-owned business transfers, management and corporate buyouts, recapitalizations, going-private transactions and corporate divestitures. With this acquisition, Roark and its affiliates have made 22 investments in franchise businesses that collectively have more than 4,100 franchisees, 11,000 locations and $10 billion in system-wide revenues across 50 states and 56 countries. Its current franchise/multi-unit portfolio includes Arby's, Auntie Anne's, Batteries Plus, Bosley's Pet Food Plus, Carvel Ice Cream, Cinnabon, Corner Bakery, FASTSIGNS, Il Fornaio, McAlister's Deli, Moe's Southwest Grill, Money Mailer, Pet Valu, Primrose Schools, Schlotzsky's, Wingstop and the franchisor of Seattle's Best Coffee on certain military bases and in certain international markets. The firm has $3.0 billion of equity capital under management. For more information, visit www.roarkcapital.com.
SOURCE Golub Capital