Golub Capital has provided a $225 million unitranche facility to back private equity firm Advent International’s acquisition of First Watch Restaurants, the Chicago-based mid-market lender said on Thursday.
The loan facility and acquisition will support First Watch’s opening additional restaurant locations and operational expenses, a statement read. Golub, which has been a lender to the restaurant chain since 2011 the latter was acquired by Freeman Spogli & Company, was administrative agent, joint bookrunner and joint lead arranger on the deal.
