Massage Envy, LLC’s $335 Million Whole-Business Securitization


Paul, Weiss represented Massage Envy, LLC, a portfolio company owned by funds affiliated with Roark Capital Group, in connection with a whole-business securitization transaction.

Massage Envy is the largest and most-recognized provider of spa services in the United States. A newly formed subsidiary of the company issued $335 million of term bonds and $50 million of variable funding notes backed by revenues from franchise royalties generated by Massage Envy clinics.

The Paul, Weiss team included corporate partners Jordan Yarett (Picture), Robert Zochowski, John Kennedy and Claudine Meredith-Goujon and counsel Christopher Poggi; litigation partners Robert Atkins and Jacqueline Rubin and counsel Adam Bernstein; employee benefits partner Lawrence Witdorchic; tax partner Scott Sontag; and bankruptcy partners Alice Eaton and Kyle Kimpler.

Involved fees earner: Robert Atkins – Paul Weiss Rifkind Wharton & Garrison; Adam Bernstein – Paul Weiss Rifkind Wharton & Garrison; Alice Eaton – Paul Weiss Rifkind Wharton & Garrison; John Kennedy – Paul Weiss Rifkind Wharton & Garrison; Kyle Kimpler – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Christopher Poggi – Paul Weiss Rifkind Wharton & Garrison; Jacqueline Rubin – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison; Jordan Yarett – Paul Weiss Rifkind Wharton & Garrison; Robert Zochowski – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Massage Envy, llc;

Author: Ambrogio Visconti