Golub Capital, the New York-based lending firm, has recently closed on two one-loan debt facilities, it announced this week. One is a $55 million one-stop debt contribution to support the refinancing of Pyramid Healthcare by private equity firm Clearview Capital. The other was a $165 million credit facility to aid in the acquisition of Marshall Retail Group by Brentwood Associates. Golub has already provided financing to Marshall since 2007.
Pyramid, which was founded in 1999, is a provider of behavioral health and substance abuse treatment services for adults and adolescents. Clearview Capital is a private investment firm that specializes in acquisitions and recapitalizations of companies with operating profits of $4 to $20 million. The firm has offices in Los Angeles, Chicago and Old Greenwich, CT.
Marshall Retail Group is a retailer that sells souvenirs, apparel, logo / sundry and other goods to casinos and airports. It was founded in 1955 and is headquartered in Las Vegas. Brentwood Associates was founded in 1972 and is based in Los Angeles. The firm is a consumer-focused mid-market private equity sponsor.
Both deals were done via Golub’s proprietary GOLD (Golub One-Loan Debt) platform. The firm also recently invested in a fertility company in California. The firm typically works on 50-70 deals per year, where it assists private equity sponsors in acquisitions of recapitalizations via its mid-market lending platform.