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Golub Capital Supports Acquisition of Cafe Rio Mexican Grill by Freeman Spogli & Co.

September 12, 2017, 07:33 AM
Filed Under: Mergers & Acquisitions

Golub Capital recently announced that as Administrative Agent, Sole Bookrunner and Sole Lead Arranger, it provided a $146 million GOLD facility to support the acquisition of Cafe Rio, Inc. by Freeman Spogli & Co. GOLD financings are Golub Capital One-Loan Debt facilities.

Founded in 1997, Cafe Rio is an award-winning restaurant chain specializing in Mexican food.  Its authentic dishes are made-from-scratch and inspired by recipes and traditional cooking found in Northern Mexico’s Rio Grande region, Southern Texas and New Mexico.  Cafe Rio has over 100 locations in eleven states, and has won more than 100 awards, including the Alfred P. Sloan Award for workplace flexibility, and inclusion in the Inc. 500. The Cafe Rio financing follows a series of recent transactions that Golub Capital’s Middle-Market Lending group has supported in the consumer, restaurant and retail sector in the last few months.

“Cafe Rio’s history of strong performance, consistent growth and experienced, responsible leadership aligns with our investment strategy of supporting high-potential middle market businesses with solid fundamentals,” said Troy Oder, Managing Director at Golub Capital. “We have a long track record of success alongside Freeman Spogli, and look forward to strengthening our relationship through our partnership on Cafe Rio.”

“We have a longstanding relationship with Golub Capital based on their deep sector expertise, professionalism and a track record of mutually-successful investments,” said Christian Johnson, Partner at Freeman Spogli. “Their ability to reliably and consistently provide flexible, growth-oriented financing solutions will benefit the Cafe Rio platform in the years ahead.”

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