Golub Basic has provided a $75 actor in debt costs that backs WellBiz Brands‘ accretion of Amazing Lash Studio. Amazing Lash Studio is a provider of beard extensions.
CHICAGO – September 13, 2018 – Golub Basic afresh appear that, as Administrative Agent, Sole Advance Arranger and Sole Bookrunner, it provided a $75 actor GOLD ability to abutment the accretion of Amazing Lash Studio by WellBiz Brands, Inc. (“WellBiz Brands” or “the Company”). GOLD financings are Golub Basic One-Loan Debt facilities.
WellBiz Brands is one of the better bloom and wellness companies in the United States, managing three authorization brands – Fitness Together®, Elements Massage® and FIT36® – with a accumulated 400 locations nationally. The accretion of Amazing Lash Studio, the better all-around beard addendum franchise, adds one of the fastest growing authorization brands to the WellBiz Brands portfolio and added expands the Company’s ample band of bloom and wellness offerings.
In accession to acknowledging the accretion of Amazing Lash Studio, the GOLD ability from Golub Basic additionally provides cogent basic to abutment the Company’s advancing advance initiatives.
“WellBiz Brands and Golub Basic accept aggregate ethics of continued appellation affiliation and a charge to excellence, which was axiomatic while alive on this deal,” said Craig Palmer, Principal at Golub Capital. “We are captivated to abutment WellBiz Brands and attending advanced to a abiding collaboration.”
“We were attractive for a band-aid that not alone accustomed us to assassinate our accepted acquisition, but additionally gave us adaptability for the approaching advance of WellBiz Brands,” said Joe Luongo, Executive Chairman of WellBiz Brands. “The Golub Basic team’s amount retail area expertise, absolute professionalism and adjustable one-stop costs band-aid gave us the authoritativeness that Golub Basic was the ideal abiding accomplice to abutment us.”
About Golub Basic Average Bazaar LendingGolub Capital’s Average Bazaar Lending accumulation provides costs for average market, clandestine equity-backed affairs with authority positions of up to $600 actor and is an arranger of acclaim accessories up to $1 billion. Golub Capital’s award-winning aggregation strives to authorize long-term, win-win partnerships by accouterment dependable, fast and artistic solutions that accommodated clandestine disinterestedness sponsors’ and portfolio companies’ needs.
Golub Basic is a nationally accustomed acclaim asset administrator with over $25 billion of basic beneath management. For over 20 years, Golub Basic has provided acclaim to advice medium-sized U.S. businesses grow. The firm’s award-winning Average Bazaar Lending business provides costs for average bazaar companies and their clandestine disinterestedness sponsors. Golub Capital’s acclaim ability additionally forms the foundation of its Late Stage Lending and Broadly Syndicated Loan businesses. Golub Basic has formed adamantine to body a acceptability as a fast, reliable provider of acute costs solutions, and we accept this has aggressive echo audience and investors. Today, the close has over 350 advisers with lending offices in Chicago, New York and San Francisco. For added information, amuse appointment golubcapital.com.
About WellBiz Brands, Inc.
WellBiz Brands, Inc. is the administrator of three bloom and wellness authorization brands: Elements Massage®, FIT36® and Fitness Together®. Headquartered in Englewood, Colorado, WellBiz Brands, has over 400 accumulated U.S. locations beyond the three brands. Through the WellBiz Brands abutment staff, the brands strive to advocate these amount values: fun, ownership, respect, passion, and integrity. These amount ethics actualize all that is important for anniversary cast – from authorization owners to audience – to advance healthy, counterbalanced lives. All three brands action different authorization opportunities for entrepreneurs from all walks of activity and assorted advance levels, with a beginning focus on alternating acquirement models.
About Amazing Lash StudioAmazing Lash Studio was founded in 2010 with a eyes to be the arch provider of beard extensions. Amazing Lash Studios administer semi-permanent beard extensions with a proprietary, patented action to the clients’ own lashes, replicating the ambit and admeasurement of accustomed lashes. The abstraction began franchising in 2013 and to date has 200 accessible studios in 33 states and 714 Regional Developer Units awarded. In 2018, Amazing Lash Studio becoming the rank of #5 on Entrepreneur Magazine’s Top New Franchises and #260 on the Inc. 500 in its countdown year. For added information, appointment AmazingLashStudio.com.
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