GE Capital Provides $25MM to Support Pizza Franchise Investment
GE Capital, Franchise Finance said it provided a $25 million credit facility to support an investment in Anthony’s Coal Fired Pizza by an affiliate of The Quilvest Group. The financing includes a $17 million term loan and an $8 million revolving credit facility. Funding was provided through GE Capital’s bank affiliate, GE Capital Financial.
“GE Capital proved to be a great choice for us,” explained Henrik Falktoft, partner, The Quilvest Group. “Their team was very supportive and knowledgeable about this market and that made for a better transaction.”
The Quilvest Group has invested around $4 billion in more than 300 private equity and real estate funds and 150 direct investments.
“We were in a great position to help both parties using our experience in the space and our relationship with the sponsor, Quilvest,” said Mike Kurtz, vice president, GE Capital, Franchise Finance.
Anthony’s Coal Fired Pizza opened its first store in Florida in 2002 and now has 32 locations throughout Florida, Pennsylvania, New Jersey, Delaware, New York and Connecticut.