Daily News: September 3, 2014

Golub Provides Facility to Support Tate’s Bake Shop Buy

Golub Capital announced, as sole lead arranger and sole bookrunner, it provided a senior credit facility to support the acquisition of Tate’s Bake Shop by private equity firm The Riverside Company.

“Golub Capital has proven to be an excellent financing partner on this transaction. Consistent with our previous transactions with Golub Capital, they were supportive of our investment thesis and provided a flexible financing structure supporting our long-term growth initiatives” said Riverside partner Alan Peyrat.

Founded in 1980, Tate’s is a producer of gourmet cookies and baked goods and sells more than 100 items through wholesale distribution channels, an online web store, and the company’s retail bake shop in Southampton, NY.