Deal Details

Ubique Group Completes Debt Financing

Consumer

Ubique Group, a portfolio company of Sterling, debt financing

Summary

Ubique Group LLC (“Ubique Group” or the “Company”, f.k.a "Belnick"), a portfolio company of Sterling Investment Partners ("Sterling"), completed a debt financing (the “Financing”) to refinance existing debt and support organic and inorganic growth initiatives. The financing consisted of an asset-based revolving credit facility and a term loan.

Baird served as exclusive debt advisor to the Company on this transaction.

About

Ubique Group is a leading online supplier of value-oriented furniture for residential and commercial use through both wholesale and direct to consumer channels. Selling through its own brand, Flash Furniture, the Company offers over 4,000 unique furniture products, including office chairs, stacking chairs, folding chairs, restaurant furniture and reception furniture. Ubique Group is headquartered in Canton, Georgia.

Sterling Investment Partners is a private equity firm that has been investing in and building middle-market companies for over 30 years with a highly experienced, cohesive team of senior investment professionals. Sterling focuses on value-added distribution and business services, acquiring businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Over its history, Sterling has completed over 180 transactions, representing $19.6 billion in aggregate value. The firm is headquartered in Westport, Connecticut,

Consumer

Ubique Group, a portfolio company of Sterling, debt financing