Golub Capital has provided a senior credit facility to back Gridiron Capital‘s recapitalization of Performance Health and Wellness Holdings. No financial terms were disclosed. Based in Akron, Ohio, Performance Health is a maker of wellness products.
New York, NY – March 4, 2015 – Golub Capital announced today that as Sole Bookrunner, Co-Lead Arranger and Administrative Agent it provided a senior credit facility to support the recapitalization of Performance Health and Wellness Holdings (“Performance Health” or “the Company”) by Gridiron Capital, LLC (“Gridiron Capital”).
Performance Health is the premier global platform in the fast-growing branded health, wellness, and self-care markets. The Company delivers clinically-endorsed, efficacious and cost-effective solutions to both hands-on health practitioners and consumers. Since 1925, Performance Health’s leading products have helped people accelerate recovery, enhance wellness, manage pain, restore strength, improve performance, and increase functional health and quality of life.
“Performance Health is a best-in-class health and wellness company with tremendous growth potential, which delivers high performing products to end-consumers”, said Spyro Alexopoulos, Managing Director of Golub Capital. “We are thrilled to once again be partnering with Gridiron and look forward to working with them in the future.”
Kevin Jackson, a Managing Director at Gridiron Capital, said, “Golub provided a financing solution that offered speed, certainty, and efficiency to our process. We look forward to building on our strong and growing relationship.”
About Golub Capital Middle Market Lending
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. As of YE 2014, Golub Capital has been #1 for four years in a row 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).
Golub Capital is a nationally recognized credit asset manager with over $10 billion of capital under management. Golub Capital has four highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Late Stage Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital’s lending offices are located in Chicago, New York and San Francisco. For more information, please visit the firm’s website at www.golubcapital.com.
About Gridiron Capital
Gridiron Capital, LLC, headquartered in New Canaan, Connecticut, is a private equity firm focused on creating value by acquiring and building middle-market manufacturing, service and specialty consumer companies in the United States and Canada. The firm’s principals bring a unique combination of strategic, operating and financial experience to provide portfolio companies with competitive advantages. Gridiron partners with management teams to develop strategies for portfolio companies and provides the resources necessary to execute business plans and build industry-leading companies. Additional information is available on the firm’s website at www.gridironcapital.com.