Golub gears up for a motorcycle apparel acquisition

The US lending firm has provided unitranche debt for the acquisition of Cycle Gear by private equity sponsor J.W. Childs.

Golub Capital has provided a unitranche debt financing to support the acquisition of Cycle Gear by J.W. Childs Associates. The US credit firm acted as the sole bookrunner and administrative agent in the Golub One-Loan Debt (GOLD) financing, the firm’s proprietary suite of unitranche facilities. The size of the loan was not disclosed.

Cycle Gear sells an assortment of exclusive brands and third-party products to the motorcycle apparel and accessories market, the company has 112 stores in 34 states. “The company's national footprint and strong brand assortment with compelling price points provide a great foundation for growth.” said Golub Capital managing director Spyro Alexopoulos in a statement.  “J.W. Childs and its operating executives have an impressive retail track record and we look forward to partnering with them to grow the business.”

J.W. Childs is a Boston-based private equity firm focused in the mid-market that have growth potential. J.W. Childs has invested $3 billion in 40 companies across the consumer, specialty retail and healthcare industries since it was established in 1995.  

Golub Capital’s mid-market lending team structures financing solutions with hold positions of up to $250 million. The team also underwrites and syndicates senior credit facilities and it’s ‘GOLD’ branded unitranche facilities, up to $500 million.

Golub Capital has $10 billion of capital under management. Golub has offices in Chicago, New York and San Francisco.