FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Golub Capital Provides Financing to Support J.W. Childs’ Acquisition Of Cycle Gear

January 09, 2015, 07:44 AM
Filed Under: Retail

Golub Capital announced that as sole bookrunner and administrative agent it provided a GOLD financing to support the acquisition of Cycle Gear, Inc. by J.W. Childs Associates, L.P.  GOLD financings are Golub Capital's One-Loan Debt facilities.

With 112 stores across 34 states, Cycle Gear sells a deep assortment of exclusive ("own") brands and leading third party offerings to the motorcycle apparel and accessories market. The company's unique and engaging retail concept, with knowledgeable store staff, has captured leading mindshare among motorcycle riders and enthusiasts.

"The company's national footprint and strong brand assortment with compelling price points provide a great foundation for growth," said Golub Capital Managing Director Spyro Alexopoulos.  "J.W. Childs and its operating executives have an impressive retail track record and we look forward to partnering with them to grow the business."

"Golub provided a financing solution that offered certainty and efficiency to our process," said Jeff Teschke, Partner at J.W. Childs. "Their level of familiarity and experience in the specialty retail space facilitated a streamlined diligence process and path to closing.  This represented our first transaction with Golub and we look forward to working with them again on future transactions."

Golub Capital's award winning middle-market lending team structures financing solutions with hold positions of up to $250 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. Golub Capital has been #1 in 5 out of the past 6 years from 2009 through 3Q 2014 for senior secured loans of up to $100 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).

J.W. Childs is a Boston-based private equity firm focused on investing in middle-market growth companies. Since inception in 1995, J.W. Childs has invested $3 billion of equity capital in more than 40 best-in-class companies across the consumer, specialty retail and healthcare industries. The firm's success has been built on its industry focus and the extensive operating expertise of its partners.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.