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Golub Capital Supports Acquisition of Amazing Lash Studio by WellBiz Brands

September 14, 2018, 07:03 AM
Filed Under: Specialty Industries

Golub Capital recently announced that, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, it provided a $75 million GOLD facility to support the acquisition of Amazing Lash Studio by WellBiz Brands, Inc. GOLD financings are Golub Capital One-Loan Debt facilities.

WellBiz Brands is one of the largest health and wellness companies in the United States, managing three franchise brands - Fitness Together®, Elements Massage® and FIT36® - with a combined 400 locations nationally. The acquisition of Amazing Lash Studio, the largest global eyelash extension franchise, adds one of the fastest growing franchise brands to the WellBiz Brands portfolio and further expands the Company's broad 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.

"WellBiz Brands and Golub Capital have shared values of long term partnership and a commitment to excellence, which was evident while working on this deal," said Craig Palmer, Principal at Golub Capital. "We are thrilled to support WellBiz Brands and look forward to a lasting collaboration."

"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."

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