Golub Capital Backs Latest Roark Capital Acquisition
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Golub Capital Backs Latest Roark Capital Acquisition

Golub Capital was the Joint Bookrunner and Administrative Agent on a credit facility to support the acquisition of Massage Envy by Roark Capital Group. “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.”

Massage Envy is a provider of therapeutic massage that provides 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. The company is based in Scottsdale, AZ (www.MassageEnvy.com).

“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 offers buy-and-hold products ranging from $10 million to $75 million and includes one-loan financings, senior, 2nd lien and subordinated debt, preferred stock and co-investment equity. The firm also underwrites and syndicates first lien loans up to $250 million. Golub Capital will hold up to $150 million per transaction. Industries of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. In addition to its New York headquarters, Golub also has offices in Atlanta and Chicago (www.golubcapital.com).

Roark Capital Group invests in business and consumer service companies with revenues ranging from $20 million to $1 billion. Sectors of interest include franchise, direct marketing, business services and financial services. The firm has more than $3 billion of equity capital under management and is located in Atlanta (www.roarkcapital.com).

© 2012 PEPD • Private Equity’s Leading News Magazine • 10-5-12

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