NEW YORK, Oct. 10, 2018 — Golub Capital recently announced that, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, it provided a GOLD facility to support the buyout of Sola Salon Studios by AHR Growth Partners, MPK Equity Partners and PNC Riverarch Capital. GOLD financings are Golub Capital One-Loan Debt facilities.
Sola Salon Studios provides a unique service to entrepreneurs, giving stylists and beauty professionals high-end, fully-equipped salon studios to start their own businesses without the administrative burden and risk associated with opening a retail storefront. Sola Salon Studios has grown rapidly in recent years, from 47 salons in 2009 to more than 400 today. The GOLD facility from Golub Capital provides capital for additional unit openings and support for longtime franchisees.
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $600 million and is an arranger of credit facilities up to $1 billion. 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.