Golub Capital announced that as sole bookrunner and administrative agent it provided a GOLD debt facility to support the growth financing of Northern Brewer by Entrepreneur Partners. GOLD financings are Golub Capital's One-Loan Debt facilities.
Founded in 1993, Northern Brewer is the leading multichannel retailer of home brewing and home wine making supplies. The company operates three retail locations in Minneapolis MN, Saint Paul MN, and Milwaukee WI, as well as a 36,000 square foot facility to fulfill orders across the entire country through its catalogs and website. Today, Northern Brewer has over 100 employees and facilitates home brewing/beer events across the country.
"Northern Brewer is the top retailer within the home brewing industry, and we are excited to support the company as it enters its next phase of growth. Entrepreneur Partners has proven to be a strong partner through their expertise within the direct marketing sector," said Andy Steuerman , head of Middle Market Lending at Golub Capital. "We are excited to partner with this exceptional senior management team and sponsor."
"Golub Capital provided a compelling financing solution and exhibited a deep understanding of Northern Brewer, which provided us with the confidence they would deliver a sound execution," said Salem Shuchman, managing partner at Entrepreneur Partners. "Golub Capital exceeded our high expectations for a financing partner."
Entrepreneur Partners is a Philadelphia-based private equity firm that focuses on making control and minority investments in business-to-business and business-to-consumer multi-channel direct marketers. The partners of the firm include veteran private equity professionals, experienced operating executives and successful entrepreneurs from the direct marketing field.
With over $7 billion of capital under management, Golub Capital is a provider of financing solutions for the middle market, including one stop financings (through the firm's proprietary MEGA GOLD , GOLD and MINI GOLD facilities), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates senior credit facilities up to $250 million. Golub Capital's hold sizes range up to $200 million per transaction.