Golub Capital said it provided a GOLD financing debt facility to First Watch Restaurants to support the acquisition of First Watch by Freeman Spogli. GOLD financings are Golub Capital’s one-loan debt facilities.

Headquartered in Bradenton, FL, First Watch is an operator of full service breakfast and lunch restaurants, located primarily in the Southeast, Midwest and Mid-Atlantic regions.

“We are excited to support Freeman Spogli’s investment in First Watch,” said Golub Capital principal Troy Oder. “The company’s management team has an excellent track record of growing the First Watch brand, and Freeman Spogli is the ideal sponsor to position the Company for its next phase of growth due to their extensive knowledge of the consumer sector.”

“We chose to partner with Golub Capital due to their expertise in the restaurant industry and their understanding of the unique financing needs of investors in the space,” noted John Roth, president, of Freeman Spogli. “They were able to deliver a flexible financing solution that allowed us to complete the transaction within an extremely tight timeframe.”

Freeman Spogli is a private equity firm that invests and partners with management in consumer-related and distribution companies in the U.S.