Golub Capital Provides $200 Million Senior Credit Facility to Support the Merger of Downtown Locker Room (“DTLR”) and Sneaker Villa

NEW YORK, Aug. 17, 2017 /PRNewswire/ — Golub Capital recently announced that as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, it provided a $200 million senior credit facility to support the merger of Downtown Locker Room (“DTLR”), a portfolio company of Bruckmann, Rosser, Sherrill & Company (“BRS”) and Sneaker Villa, a portfolio company of Goode Partners.

The combination of DTLR and Sneaker Villa will create one of the largest lifestyle retailers of street-inspired footwear, apparel and accessories in the industry, with over 230 stores in 18 states.

BRS has owned DTLR since 2005, at which time Golub Capital began its 12-year relationship with DTLR.

“We have been partners with BRS and DTLR for over a decade, and lenders to both DTLR and Sneaker Villa,” said Greg Cashman, Senior Managing Director at Golub Capital. “BRS is an experienced multi-unit retail investor and we are proud to facilitate the merger of these two companies, and look forward to continuing our support of the company in the future.”

“Golub Capital’s specialty retail sector knowledge and overall flexibility were vital for us during this transaction,” said, Rashad Rahman, Managing Director at BRS. “We appreciate working with a professional team that consistently ensures a smooth and efficient process and deeply values our investment philosophy.”

“We appreciate Golub’s long term support which has helped us to thrive in a challenging retail environment,” said Glenn Gaynor, CEO of DTLR. “Their confidence in our ability to execute on this merger is what enabled the transaction to come together.”

About Golub Capital Middle-Market Lending

Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $400 million and is an arranger of credit facilities up to $750 million. Golub Capital’s award-winning team strives to establish long-term, win-win partnerships by providing dependable, fast and creative solutions that meet private equity sponsors’ and portfolio companies’ needs.

Golub Capital is a nationally recognized credit asset manager with over $20 billion of capital under management. For over 20 years, the firm has provided credit to help medium-sized U.S. businesses grow. The firm’s award-winning middle market lending business helps provide financing for middle market companies and their private equity sponsors. Golub Capital’s credit expertise also forms the foundation of its Late Stage Lending and Broadly Syndicated Loan businesses. Golub Capital has worked hard to build a reputation as a fast, reliable provider of compelling financing solutions, and we believe this has inspired repeat clients and investors. Today, the firm has over 300 employees with lending offices in Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com

About Bruckmann, Rosser, Sherrill & Co.

BRS is a New York based private equity firm with $1.4 billion of committed capital under management in three investment partnerships, focused on investing in middle market consumer goods and services businesses. Since 1996, BRS has purchased over 40 portfolio companies for aggregate consideration of over $6.4 billion. In addition, BRS portfolio companies have completed approximately $1.9 billion of add-on acquisitions. Prior to forming the firm, the founders of BRS were in the private equity business at Citicorp Venture Capital where they closed 25 transactions with aggregate transaction values totaling $5.8 billion.

SOURCE Golub Capital