Golub Capital Provides One-Loan Debt Facility To Support The Merger Of Pet Valu And Pet Supermarket, Portfolio Investments Of Roark Capital Group

CHICAGO, July 11, 2016 /PRNewswire/ — Golub Capital announced today that as Administrative Agent, Sole Bookrunner and Joint Lead Arranger, it provided a $605 million GOLD financing to support the merger of Pet Valu and Pet Supermarket.  GOLD financings are Golub Capital One-Loan Debt facilities. 

The financing will support the combination of two current Roark Capital Group portfolio companies.  With 514 stores across nine Canadian provinces, Pet Valu (www.petvalu.com) is Canada’s pet specialty market leader. Pet Valu also maintains a significant presence in the United States, with 257 additional store locations. Pet Supermarket (www.petsupermarket.com) operates 165 premium pet supply stores, primarily in the Southeastern United States. The merger will create one of largest pet supply retailers in North America, with over 930 store locations throughout the US and Canada.

“We have enjoyed the privilege of partnering with Roark Capital Group on numerous transactions, including its acquisition of Pet Supermarket in 2015,” said Troy Oder, Managing Director at Golub Capital. “We are thrilled to facilitate the merger of these two outstanding platforms, and look forward to continuing our support of the company in the future.”

“Golub Capital continues to be a terrific financing partner for Roark Capital Group,” said Ezra Field, Managing Director at Roark Capital Group. “Golub has supported a number of Roark Capital Group platforms over the last decade, and has consistently adhered to a high standard of reliability, flexibility and speed.”

About Golub Capital Middle Market Lending

Golub Capital’s award winning middle market lending team structures financing solutions with hold positions of up to $300 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $750 million. Golub Capital has been a top 3 US Middle Market Bookrunner each year from 2008 through Q1 2016 for senior secured loans of up to $500 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).

Golub Capital is a nationally recognized credit asset manager with over $18 billion of capital under management. Golub Capital has three highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Late Stage Lending and Broadly Syndicated Loans. Golub Capital’s lending offices are located in Chicago, New York and San Francisco. For more information, please visit the firm’s website at www.golubcapital.com.

About Roark Capital Group

Roark focuses on consumer and business service companies with a specialization in franchised and multi-unit business models in the retail, restaurant, consumer and business services sectors. Since inception, affiliates of Roark Capital have invested in 54 franchise/multi-unit brands, which have generated $20 billion in annual system revenues from 22,000 locations in 50 states and 75 countries. Roark’s current brands include Anytime Fitness, Arby’s, Atkins Nutritionals, Batteries Plus Bulbs, Carl Jr.’s, Corner Bakery, Driven Brands, Drybar, FOCUS Brands (the owner of Auntie Anne’s Pretzels, Carvel Ice Cream, Cinnabon, McAlister’s Deli, Moe’s Southwest Grill, and Schlotzsky’s), Hardee’s, Il Fornaio, Massage Envy, Miller’s Ale House, Naf Naf Grill, Orangetheory Fitness, Pet Supermarket, Pet Valu, Primrose Schools, Quala, Waxing the City, and Wingstop. For more information please visit www.roarkcapital.com.    

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SOURCE Golub Capital