Daily News: September 14, 2018

Golub Provides $75MM Facility to WellBiz Brands

Golub Capital served as administrative agent, sole lead arranger and sole bookrunner for a $75 million GOLD facility to support the acquisition of Amazing Lash Studio by WellBiz Brands. GOLD financings are Golub Capital’s one-loan debt facilities.

WellBiz Brands manages three healthcare franchise brands – Fitness Together, Elements Massage and FIT36 – with a combined 400 locations nationally. The acquisition of Amazing Lash Studio adds one of the fastest growing franchise brands to the WellBiz Brands portfolio and further expands the company’s line of health and wellness offerings.

In addition to supporting the acquisition of Amazing Lash Studio, the GOLD facility from Golub Capital also provides significant capital to support the company’s ongoing growth initiatives.

“We were looking for a solution that not only allowed us to execute our current acquisition, but also gave us flexibility for the future growth of WellBiz Brands,” said Joe Luongo, executive chairman of WellBiz Brands. “The Golub Capital team’s core retail sector expertise, flawless professionalism and flexible one-stop financing solution gave us the certainty that Golub Capital was the ideal long-term partner to support us.”