Golub Capital Provides Senior Credit Facility To Finance The Riverside Company’s Acquisition Of Tate’s Bake Shop

NEW YORK, Sept. 2, 2014 /PRNewswire/ — Golub Capital announced today that as Sole Lead Arranger and Sole Bookrunner it provided a senior credit facility to support the acquisition of Tate's Bake Shop, Inc. ("Tate's" or the "Company") by The Riverside Company ("Riverside").

Founded in 1980, Tate's is a premium producer of gourmet cookies and baked goods. Throughout the U.S., Tate's sells more than 100 items through wholesale distribution channels, an online web store, and the Company's retail bake shop in Southampton, NY. Tate's is known for its signature Chocolate Chip Cookie and gluten-free baked goods.

"The Company's gourmet baked goods have attracted a wide customer base having grown from a single retail bake shop in Southampton, NY to a national brand.  We are excited to partner with Riverside and management as the Company enters its next phase of growth" said Golub Capital Senior Managing Director Gregory Cashman.

"Golub Capital has proven to be an excellent financing partner on this transaction.  Consistent with our previous transactions with Golub Capital, they were supportive of our investment thesis and provided a flexible financing structure supporting our long-term growth initiatives" said Riverside Partner Alan Peyrat.

About Golub Capital Middle Market Lending
Golub Capital's award winning middle market lending team structures financing solutions with hold positions of up to $250 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. Golub Capital has been #1 in 5 out of the past 6 years from 2009 through 1H 2014 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).

Golub Capital is a nationally recognized credit asset manager with over $10 billion of capital under management. Golub Capital has three highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital has principal offices in New York and Chicago. For more information, please visit the firm's website at www.golubcapital.com.

About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 345 transactions. The firm's international portfolio includes more than 70 companies. For more information, please visit the firm's website at www.riversidecompany.com.

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SOURCE Golub Capital

CONTACT: Gregory Cashman, Senior Managing Director, 212.660.7270 or gcashman@golubcapital.com