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Golub Provides $165MM to Finance Acquisition of MRG by Brentwood

Date: Aug 27, 2014 @ 08:02 AM
Filed Under: Retail

Golub Capital announced that as sole bookrunner and administrative agent it provided a $165MM GOLD financing to support the acquisition of Marshall Retail Group ("MRG" or the "Company") by Brentwood Associates ("Brentwood"). Golub Capital has provided financings for Marshall Retail Group since 2007, representing a time span across three different owners.

Founded in 1955 and headquartered in Las Vegas, NV., MRG is the leading specialty retailer of souvenir, apparel, logo/sundry and other specialty store concepts to casinos and airports.  For nearly 60 years, MRG has been providing its clients with a portfolio of attractive and memorable brands that are well-positioned to cater to hotel guests, visitors and local residents. Today, MRG operates in more than 150 locations and with 850 employees nationwide.

"MRG is a multi-format store operator with a successful operating history that provides a strong value proposition to casino and airport operators. The Company has developed a strong market reputation and has made new store investments, positioning itself well for future growth," said Golub Capital Senior Managing Director Andrew Steuerman. "We are excited to partner with Brentwood and management to continue the Company's growth."

"Golub provided a compelling debt financing solution for MRG, with the flexibility required to meet the Company's long-term growth plans" said Toros Yeremyan, Principal at Brentwood Associates. "Golub's GOLD product also streamlined the entire debt financing process and helped us close our acquisition of MRG under a highly accelerated time frame."

With over $10 billion of capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm's proprietary MiniGOLD, GOLD, and MegaGOLD facilities), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates senior credit facilities up to $300 million. Golub Capital's hold sizes range up to $200 million per transaction.

Brentwood Associates is a leading consumer-focused private equity investment firm with over $850 million of capital under management and a thirty-year history of investing in leading middle-market growth companies.  Brentwood focuses on investments in growing businesses where it is able to leverage its extensive experience in areas such as: specialty retail; branded consumer products; consumer services; direct marketing, including direct mail and e-commerce; education; health and wellness; and restaurants. Since 1984, Brentwood's dedicated private equity team has invested in 45 portfolio companies with an aggregate transaction value of over $5 billion. With significant experience in both investing and brand building, Brentwood is a value-added partner with entrepreneurs and executives building world-class companies.

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