Siena Lending Group closed a $20 million credit facility to support the share purchase of Goli Nutrition by a consortium consisting of Group KPS, Bastion Capital and one of the company’s original founders.
The transaction presented Siena with an opportunity to support the purchaser in a complex transaction with demanding timelines. Siena was able to structure a committed asset-based revolving credit facility, which also provided additional financing to accelerate Goli’s future growth initiatives, including expanding into new markets and new product innovation, and to meeting the increase demand for Goli’s high-quality, efficacious products.
“We thank the Siena team for getting this transaction across the finish line and delivering on a tight timeline,” a member of the acquirer group said. “The transaction positions Goli for future growth and long-term success. It was a pleasure working together, and we look forward to partnering with Siena in the future.”
“This was a complex transaction, and we are proud that our creative structuring provided the consortium with the flexibility needed to complete the purchase,” Scott Elliotto, president of Siena, said. “We look forward to supporting ownerships growth initiatives with this very popular consumer brand.”
Canaccord Genuity acted as financial advisor to the acquirer group on the transaction including the purchase structuring and capital raise.
