LBC Small Cap provided senior secured credit facilities and an equity co-investment to support Susquehanna Private Capital’s investment in Soccer Shots. LBC Small Cap served as agent and sole lead arranger for the senior secured credit facilities.
Founded in 1997 by college soccer teammates Jeremy Sorzano and Jason Webb, Soccer Shots is a youth soccer franchisor that provides training programs in partnership with childcare centers, schools and other public locations. Headquartered in Harrisburg, PA, the company has grown to include more than 140 franchise partners operating in more than 250 territories across nearly 40 states and Canada, serving more than 440,000 children each year.
“We are thrilled to partner with SPC and Soccer Shots on this investment,” Don Rice, partner at LBC Small Cap, said. “Soccer Shots operates a thriving franchise system that is positioned for potential future growth and continued expansion opportunities.”
Dorsey & Whitney served as legal counsel to LBC Small Cap on this transaction.
