Latest news with #GolubCapital
Business Wire
07-07-2025
- Business
- Business Wire
Golub Capital BDC, Inc. Schedules Release of Fiscal Year 2025 Third Quarter Results
NEW YORK--(BUSINESS WIRE)--Golub Capital BDC, Inc., a business development company (NASDAQ: GBDC, announced today that it will report its financial results for the quarter ended June 30, 2025 on Monday, August 4, 2025 after the close of the financial markets. Golub Capital BDC, Inc. will host an earnings conference call at 10:30 a.m. (Eastern Time) on Tuesday, August 5, 2025 to discuss its quarterly financial results. All interested parties may participate in the conference call by dialing (888) 330-3529 approximately 10-15 minutes prior to the call; international callers should dial (646) 960-0656. Participants should reference Golub Capital BDC, Inc. when prompted, or reference conference ID number 5111111. An archived replay of the call will be available shortly after the call until 11:59 p.m. (Eastern Time) on August 12, 2025. To hear the replay, please dial (800) 770-2030. International dialers, please dial (647) 362-9199. For all replays, please reference program ID number 5111111. ABOUT GOLUB CAPITAL BDC, INC. Golub Capital BDC, Inc. ('GBDC') is an externally-managed, non-diversified closed-end management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. GBDC invests primarily in one stop and other senior secured loans to middle market companies that are often sponsored by private equity investors. GBDC's investment activities are managed by its investment adviser, GC Advisors LLC, an affiliate of the Golub Capital LLC group of companies ('Golub Capital'). ABOUT GOLUB CAPITAL Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. The firm specializes in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Golub Capital's sponsor finance expertise also forms the foundation of its Broadly Syndicated Loan and Credit Opportunities investment programs. Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors. As of April 1, 2025, Golub Capital had over 1,000 employees and over $75 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe, Asia and the Middle East. For more information, please visit FORWARD-LOOKING STATEMENTS This press release may contain 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. Golub Capital BDC, Inc. undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.
Yahoo
18-06-2025
- Business
- Yahoo
Wall Street Wants In on Crumbl's Oversized Sugary Cookies
(Bloomberg) -- On a recent afternoon on Manhattan's Upper East Side, young patrons queued up for a TikTok-famous treat: a $5 cookie from Crumbl. Security Concerns Hit Some of the World's 'Most Livable Cities' How E-Scooters Conquered (Most of) Europe JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown Just outside, Merle Behrens, 17, was posing for a photo with the chain's signature pink box in hand. She purchased four of the brand's giant — and very sweet — cookies: Chocolate cake, chocolate chip, cookie dough and blueberry cheesecake. 'Once you see it on social media, and also when you tell your friends or your family that you're going to the States, everyone says, 'Oh, you should get Crumbl cookies,'' said Behrens, who was visiting New York from Germany. Crumbl has built its viral desserts into a big business, with franchisees operating over 1,100 stores in the US, Puerto Rico and Canada. Estimated sales of its brightly-colored, oversized treats more than tripled from $396 million in 2021 to over $1.2 billion in 2024, according to food consultant Technomic. And as customers pull back on big-ticket items like cars or vacations, they're likely to seek daily luxuries that are more affordable, said Aaron Allen, a restaurant consultant whose firm has worked with chains including Starbucks and The Cheesecake Factory. 'This is like, 'I've busted my butt and I deserve a treat, I deserve a cookie,'' Allen said. Now, Wall Street is getting in. In May, private equity firm TSG Consumer Partners agreed to take a minority stake in Crumbl in exchange for preferred equity, while Blackstone Inc. and Golub Capital have closed a $500 million private credit loan to the company, according to a person with knowledge of the confirmed that it sold a minority equity stake to TSG Consumer in a statement to Bloomberg News. 'We are proud of what we've built and are excited about this new partnership with TSG, which will help support our continued growth and long-term vision,' a company spokesperson said. TSG Consumer and Blackstone declined to comment. Golub Capital did not respond to a request for comment. The interest in Crumbl is just the latest example in a string of deals looking to capitalize on America's sweet treat economy. Last week, Krispy Kreme Inc. announced it had sold off its remaining stake in Insomnia Cookies to two private equity firms – after selling a majority stake last summer at a $350 million valuation. That came on the heels of New York's Chip City Cookies bringing in a second round of investment from Enlightened Hospitality Investments, a fund led by Shake Shack Inc. founder Danny Meyer. Crumbl's business is a franchise model, where the company takes 8% of gross sales at locations, in addition to fees for training and marketing. Each week, the brand unveils a fresh batch of treats to its over 16 million followers on TikTok and Instagram, complete with cinematic footage of the desserts on offer. Its emphasis on scarcity works to drive customers into the white-walled, open-concept bakeries week after week. 'This is your last chance to get this week's lineup,' an employee warns in one clip, highlighting her picks: a Banana Cream Pie cookie and a 'classic semi-sweet.' An ecosystem of fan-made content exists in parallel. On TikTok, customers post unboxings, showing off each item to the camera before biting in. On Reddit, devotees campaign for their favorite flavors like 'Mallow Sandwich Cookie' or 'Caramel Toffee Butter Cake' to garner votes at their local stores. (Rewards members who spend over $50 annually can vote on Crumbl's app for items to be added to their local franchise as a one-day special.) These contests have spurred an unofficial barter system on social media in which fans trade votes across locations to boost their preferred flavor. One fan active on the r/CrumblCookies Reddit forum this month pleaded: "please please please can you guys vote for nilla bean cupcake or chocolate covered strawberry at West Brighton location? the first place is s'mores cookie BUT WE'RE GETTING THAT NEXT WEEK!!! i have 4 votes left," to which another replied, 'If you can vote for double fudge brownie in Dalton, Ga I'll vote for yours!' By putting out fresh flavors so regularly, Crumbl has given itself a leg up, said Clifford Hudson, former CEO of Sonic Corp. and the founder and director of DIA Equity Partners. 'It's a more extreme position than what we used to think of as new product news,' he said. "They're taking it to a different level.' Crumbl began in Utah, the project of Jason McGowan and Sawyer Hemsley, co-founders and cousins. The pair opened their first store in Logan, Utah, in 2017. By 2022, there were 691 locations around the US. The business' growth has generated standout paper gains for its co-founders. Based on an analysis of the company's financials and the trading multiples of publicly traded peers, Hemsley and McGowan's founding stakes were worth close to $400 million each before the TSG deal, according to the Bloomberg Billionaires Index. A Crumbl spokesperson confirmed the pair previously owned the company outright, and said McGowan had been the sole capital provider. Crumbl finished 2024 with earnings before interest, taxes, depreciation and amortization of about $91 million, according to calculations based on a firm disclosure. The company declined to comment further on its finances. 'I would be surprised if there's not a pretty good margin in a $5 cookie,' said DIA Equity Partners' Hudson, who has no affiliation with the company or its franchisees. Investor interest in Crumbl comes at an otherwise tricky time for sweets. By volume, sales of 'better-for-you' snacks ticked up in 2024, while more indulgent categories all declined, according to market research firm Circana. And weight-loss drugs like Ozempic and Zepbound are proliferating further – while the federal government scrutinizes synthetic food dyes common in treats, including some of Crumbl's desserts. But Americans tend to eat healthier at home and look for indulgences when they go out, said David Portalatin, senior vice president and industry advisor for food and foodservice at Circana. That was visible in quick-service restaurant traffic in the first quarter: Overall, the sector saw less traffic than it did the year before, Portalatin said. But visits for 'snack occasions' in the afternoon and evening were up. And while Gen Z is more focused on protein and 'functional beverages' than other generations, 28% of their restaurant visits are for snacks, Portalatin said. That's a higher proportion than all other consumers.'Some occasions treat my physical wellbeing, others treat my mental and emotional wellbeing, and they're viewed as being part of the same overall goal,' Portalatin said. A business like Crumbl also offers a degree of certainty around an exit strategy, as opposed to businesses that face more volatility, said Donna Hitscherich, co-director of Columbia Business School's Private Equity Program. The owners of the cookie brand were previously said to be exploring a sale that would value the company at nearly $2 billion, Reuters reported in January. 'At the end of the day, people like their cookies,' she said. --With assistance from Dylan Sloan, Olivia Fishlow and Crystal Tse. Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Mark Cuban Has Done Sports, Reality TV and Now Health Care. Why Not US President? How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Washington Post
14-06-2025
- Business
- Washington Post
$75 billion firm wins carve-out in tax bill after lobbying push
The tax bill before Congress would partially exempt the U.S. Virgin Islands from a law meant to crack down on tax havens, after a lobbying campaign by the territory's government and a large private credit firm that stands to benefit from the measure. Over the past three years, an affiliate of the credit giant Golub Capital paid a Washington firm more than $500,000 to urge Congress to relax a global minimum tax approved as part of the 2017 GOP tax law, lobbying disclosures show. The push was supported by the Virgin Islands' governor and Democratic member of Congress. House Republicans included a bipartisan provision partially exempting the Virgin Islands from that law in the tax legislation they approved last month — a decision that has puzzled experts on both the left and right, who say it has little clear policy justification.
Business Wire
10-06-2025
- Business
- Business Wire
Golub Capital Marks Five Years in Europe with Continued Expansion
LONDON--(BUSINESS WIRE)--Today, Golub Capital marked the five-year anniversary of its London office by announcing an expansion in its European direct lending strategy, a new and expanded London office location and record-breaking results. 'Our growth and success in Europe over the last five years has exceeded our expectations - and we are not done,' said Tara Moore, Head of European Originations at Golub Capital. 'We are expanding our lending capabilities to include borrowers across technology, healthcare, financial services and business services in the U.K., Germany, France and the Nordics.' Key highlights as of May 31, 2025 include: Since 2020, Golub Capital has committed more than $7.9 billion across more than 70 deals It set a record with over $2.5 billion in new commitments in 2024 Deepened investment in core verticals of Software, Financial Services and Business Services Over the last five years, the Firm has expanded borrower jurisdictions beyond the U.K., to include DACH, France, Benelux and the Nordics The London-based direct lending team is now 12-strong 'Golub Capital was designed to be best in sponsor finance,' said David Golub, President of Golub Capital. 'Central to our vision is building a compelling value proposition for all our partners marked by a strong set of competitive advantages. We are excited to continue to build our partnerships and our competitive advantages in Europe.' Golub Capital moved last month into a new, larger office at 10 Portman Square. About Golub Capital Golub Capital is a market-leading, award-winning direct lender and experienced private credit manager. We specialize in delivering reliable, creative and compelling financing solutions to companies backed by private equity sponsors. Our sponsor finance expertise also forms the foundation of our Broadly Syndicated Loan and Credit Opportunities investment programs. We nurture long-term, win-win partnerships that inspire repeat business from private equity sponsors and investors. As of April 1, 2025, Golub Capital had over 1,000 employees and over $75 billion of capital under management, a gross measure of invested capital including leverage. The firm has offices in North America, Europe, Asia and the Middle East. For more information, please visit
Forbes
03-06-2025
- Business
- Forbes
20 Underrated Qualities Of Great Marketing And Comms Leaders
getty It's easy to spotlight bold ideas or big wins when evaluating a marketing and communications leader. However, the attributes that make someone truly effective in a comms leadership role are often less flashy, and far more influential, than many people may realize. Cultivating traits like genuine listening, composure under pressure and emotional intelligence can help a leader quietly shape how their team performs and how a brand is perceived. Below, 20 Forbes Communications Council members discuss underrated qualities of great marketing and comms leaders and how they help them drive real impact throughout their organizations. Leaders in communications and marketing need to face adversity with a mindset geared toward growth. Positively resilient leaders are flexible in their thinking and behavior, quickly adjusting to changing circumstances. That strengthens creativity and fosters a culture of experimentation, which leads to individual growth for team members and organizational growth. - Diana Scholz, Bayer AG As a communications leader, you must often make informed recommendations that go against others' opinions. It is an uncomfortable place to be, but seasoned practitioners know that never challenging the status quo can eventually cause negative brand impact. Where this skill is valued, a brand will succeed; where opinion matters more than expertise, time will show the true implications. - Aleka Bhutiani, Golub Capital The most underrated quality is humility. Great teams shine when the leader takes a step back. Instead of trying to be the smartest person in the room, focus on hiring the smartest people. By hiring an impressive team and letting them have autonomy, you create space for new perspectives that will ultimately produce something that one person would be incapable of producing alone. - Layla Kasha, Grocery Outlet We tend to equate leadership with having all the answers, but truly exceptional leaders are those who masterfully absorb the insights of their teams and the needs of the organizations they serve. This isn't passive hearing; it's active engagement that drives teams to articulate their perspectives freely and align solutions with goals. - Kayla Spiess, Searce Forbes Communications Council is an invitation-only community for executives in successful public relations, media strategy, creative and advertising agencies. Do I qualify? Relational intelligence, or RQ, is the ability to understand and manage relationships, including those with oneself, others and the world, and it is a pivotal quality for any leader, but especially for marketing and communications leaders. Since both areas are ultimately about people and connection, RQ helps these leaders make a meaningful impact for both their teams and their companies. - John Jorgenson, Cambium Learning Group Empathy allows leaders to understand the audience's needs and desires, which helps in addressing messages that resonate and connect. It improves the work environment and creates better teamwork, leading to a more resilient team. - Khalid Al Awar, Dubai Sports Council Adaptability is an underrated quality in a leader. The ability to pivot quickly in response to market shifts, new platforms, AI and fresh talent creates resilient teams. If a company resists all those shifts, it may remain stagnant, while those that embrace them turn those shifts into competitive advantages. - Persa Sakellaridi, Wikifarmer The most underrated quality in marketing leadership is intellectual humility. Leaders who admit uncertainty while maintaining direction create spaces where innovation thrives. Teams respond with bolder ideas and adapt quickly. In our evolving influencer ecosystem, this quality transforms agencies from rigid hierarchies into creative hubs where both people and strategies can breathe and evolve. - Jaime Hintz, Cogent World The most undervalued skill is vision with discernment—the ability to see what's on the horizon and know what matters most. It allows teams to act, rather than react. With guidance and sound judgment, leaders build trust, encourage more informed decision-making and make sustainable progress in an ever-changing world. - Melissa Sierra, USIM It's what author Brad Stulberg calls 'rugged flexibility' in his book Master of Change: the ability to stay grounded in purpose and values while adapting to change. In a field defined by constant shifts, this mindset helps leaders navigate ambiguity and model resilience. The result is a culture that thrives in flux—a culture that is responsive, focused and effective even in uncertain times. - Amber Roussel Cavallo, Civic Builders An important quality in a leader is cross-functional fluency. Many overlook how critical it is for a marketing leader to speak the language of finance, tech and operations. This isn't about being a generalist—it's about being understood. Leaders who can bridge disciplines align faster, influence deeper and earn a seat at the table where real decisions are made. - Janita Pannu, OPIIA Inc. Great leaders in marketing and communications don't just craft poignant and effective messaging for external audiences; they also know how to connect directly with their internal team. The key to building that connection is through consistent updates on important organizational developments. This level of transparency is valuable because it drives stronger collaboration and helps teams feel more invested in the company. - Victoria Zelefsky, Anne Arundel Economic Development Corporation The most underrated trait of a great leader is strategic focus. Effective leaders are able to keep their eyes on meaningful outcomes rather than high-volume activities. They prioritize initiatives that deliver real value and have the discipline to say 'no' to time-consuming projects without benefits. The result is less team burnout and more sustainable company growth. - Rekha Thomas, Path Forward Marketing A highly underrated trait in marketing leaders is comfort with uncertainty. True leadership shows in moments of ambiguity by staying composed, guiding teams through change and fostering a culture of innovation. This steadiness inspires confidence, enabling teams to act boldly and drive meaningful impact. - Lauren Parr, RepuGen Visual storytelling is an underrated quality of some communications leaders. Our brains process images faster than text, so I challenge my team to pass the 'Japanese 80/20 test,' a standard I coined: 'If this asset were in a foreign language, would the audience still grasp 80% of the meaning through visuals alone?' This lens sharpens clarity, drives impact and ensures your message lands before a single word is read. - Stephanie Bunnell, Azira I believe emotional intelligence is the most underrated quality of a great marketing leader. It fosters empathy, improves communication and builds trust within the team. Leaders who understand and manage emotions effectively create an environment where creativity thrives, collaboration is seamless and teams feel valued, ultimately driving better outcomes for the company. - Barbara Puszkiewicz-Cimino, SUMMIT One Vanderbilt I believe the most underrated quality of a great leader is empathy. Great marketing leaders understand their audience, team and clients. In my case, I empathize because I have been there. This emotional intelligence drives authentic storytelling, fosters trust and aligns messaging with purpose. This leads to stronger connections, empowered teams and marketing that actually moves people. - Rich Bornstein, Bornstein Media The ability to 'professionally schmooze'—that is, to read people and tailor communication in real time—is live audience targeting and an underrated yet essential skill. It builds trust, aligns messaging and turns interactions into strategic wins. That and emotional intelligence transform ideas into influence and separate strong creatives from exceptional leaders. - Lyric Mandell, PhD, MOXY Company The most underrated quality of a great marketing leader is the capability to foster psychological safety. When team members feel safe to share ideas without fear of judgment, creativity thrives. Leaders who prioritize this environment encourage open dialogue, leading to innovative strategies and more resonant campaigns. This builds stronger teams and drives impactful work that elevates the brand. - Katie Jewett, UPRAISE Marketing + Public Relations CMOs are undervalued as multidimensional value creators fueling revenue, relevance, growth, innovation and reputation. They translate cultural, consumer and stakeholder signals into strategic foresight. Boards biased toward CFOs and COOs as members over board-ready CMOs with P&L experience miss both risks and opportunities in brand equity, stakeholder trust and enterprise value. - Toby Wong, Toby Wong Consulting
