MONTREAL, Feb. 23, 2012 /CNW Telbec/ - GE Capital, Franchise Finance
announced today that it has recently provided a $19 million senior term
loan facility to Original Joe's Franchise Group, Inc. to support the
acquisition of all of the assets of Elephant & Castle Group, Inc. out
Derek Doke, majority owner, Original Joe's Franchise Group, Inc., said,
"We know from our existing relationship with GE Capital that they bring
a lot of expertise in restaurant financing to each transaction. We are
very pleased with this outcome."
"We are glad to be able to build on our relationship with Original Joe's
and support them in this acquisition," explained Edward Khediguian,
senior vice president, GE Capital, Franchise Finance, Canada. "We look
forward to working with them as they continue to grow."
Original Joe's Franchise Group, Inc., is based in Calgary with
establishments located across Alberta, Saskatchewan, Manitoba, and BC.
Original Joe's has expanded from four to forty-five locations in less
than 10 years, making it one of the fastest growing restaurant systems
Elephant & Castle is an authentic English pub concept. The first
restaurant opened in 1977 in Vancouver BC and the chain has grown to 19
establishments located across the United States and Canada from
Toronto, Boston and Chicago to Vancouver, San Diego, and San Francisco.
About GE Capital Franchise Finance
GE Capital, Franchise Finance is a leading lender for the franchise
finance market serving the restaurant and hospitality industries. We
are a leading lender in the Canadian hotel market, providing financing
for nationally known brands in the limited and select-service segments
of the industry.
With more than 20 offices throughout Canada, GE Capital (gecapital.ca) offers a wide variety of financial products and services to address
commercial financing and fleet management needs in all phases of a
business' lifecycle. From equipment finance to working capital and
growth financing to large asset-based and restructuring loans, we apply
our wealth of industry expertise and develop custom solutions for your
company. Some of the industry sectors we specialize in include
transportation, construction, healthcare, agriculture, forestry,
manufacturing, oil & gas, wholesale & retail, restaurant and hotel
GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital).
SOURCE GE CAPITAL CANADA
For further information:
GE Capital, Americas