Golub Capital Provides $255 Million One-Loan Debt Facility to Aimbridge Hospitality, LLC, a Portfolio Company of Lee Equity Partners & General Atlantic
NEW YORK, June 26, 2017 /PRNewswire/ — Golub Capital recently announced that as Administrative Agent, Joint Bookrunner and Joint Lead Arranger, it provided a GOLD facility to Aimbridge Hospitality, LLC (“Aimbridge”) to refinance existing debt and for other corporate purposes. Aimbridge is a portfolio company of Lee Equity Partners and General Atlantic. GOLD financings are Golub Capital One-Loan Debt facilities.
Aimbridge is the largest and most dynamic independent management company in North America and the Caribbean with an award winning portfolio of approximately 700 hotels and resorts with approximately 85,000 guestrooms. Aimbridge is one of the largest franchise operators under the Marriott, Hilton and Hyatt brand families.
“We are very excited about the continued partnership we have both with the team from Lee Equity Partners and General Atlantic, as well as the senior management at Aimbridge,” said Greg Cashman, Senior Managing Director at Golub Capital. “Aimbridge is a recognized leader in the independent hotel management industry, and we are proud to support the Company and its future growth initiatives.”
“Golub has been a consistent and reliable growth partner throughout our investment in Aimbridge,” said Yoo Jin Kim, Partner at Lee Equity. “We have been impressed with Golub Capital’s flexible and scalable solutions in support of the Company’s acquisition strategy, and we look forward to continuing to work 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 Aimbridge Hospitality
Aimbridge Hospitality is the nation’s largest independent hotel investment and management firm with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles. Aimbridge provides management, asset management, development, renovation and consulting services. Based in Dallas, Texas and with development offices in Chicago, Dallas and Puerto Rico, Aimbridge currently owns and/or manages approximately 700 upscale, independent and branded hotels with approximately 85,000 rooms across the United States and the Caribbean, including such affiliations as Marriott, Hilton, Embassy Suites, DoubleTree, Hilton Garden Inn, Hampton Inn & Suites, Aloft, Hyatt, Wyndham, Choice Hotels and the Phoenix Inn Suites chain of hotels. For more information on Aimbridge Hospitality, please visit www.aimbridgehospitality.com.
About Lee Equity Partners, LLC
Lee Equity Partners is a New York–based private equity firm that partners with successful management teams to build companies with strong growth potential. Lee Equity targets equity investments of $50 to $100 million in middle market control buyouts and growth capital financings in companies with enterprise values of $100 million to $500 million that are located primarily in the United States. The firm invests in a range of industries where the team has deep relationships developed over decades, including financial, healthcare and business services, consumer, media, and specialty industrial/specialty distribution.www.LeeEquity.com
About General Atlantic
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. Established in 1980, General Atlantic combines a collaborative global approach, sector-specific expertise, long-term investment horizon, and a deep understanding of growth drivers to partner with great management teams and build exceptional businesses worldwide. The firm’s global Retail & Consumer sector team has a differentiated track record of partnering with leading brands such as Barteca Holdings, Joe & The Juice, Too Faced Cosmetics, Tory Burch, and Zimmermann. General Atlantic has more than 100 investment professionals based in New York, Greenwich, Palo Alto, Sao Paulo, Mexico City, London, Munich, Amsterdam, Beijing, Hong Kong, Mumbai, and Singapore. www.generalatlantic.com
SOURCE Golub Capital