Deloitte Corporate Finance LLC Advises The Boardroom Salon Company, LLC, on its Majority Recapitalization with LightBay Capital

DALLAS, Sept. 7, 2018 — Deloitte Corporate Finance LLC (DCF) acted as an exclusive financial advisor to Southlake, Texas-based The Boardroom Salon Company, LLC (Boardroom), a leading chain of upscale men’s grooming salons, in its majority recapitalization with LightBay Capital (LightBay), a Los Angeles-based private equity firm. The transaction closed Aug. 15, 2018.

Founded in 2004, Boardroom has emerged as an industry-leading provider of male grooming services by combining exceptional hair, shave and spa services with the nostalgia of an old-time barber shop. Boardroom operates 30 strategically located salons in urban centers across four Southern states in the United States.

“DCF delivered high-touch advisory services at every stage of the process. Their experience working with multiunit businesses, deep private equity relationships, and strong execution capabilities enabled us to secure a fantastic outcome. We are excited to work with LightBay to continue to grow our business into a national brand,” said Bruce Schultz, co-founder and CEO of The Boardroom Salon Company, LLC.

“We are seeing significant market interest in multiunit consumer service concepts. LightBay emerged as a great strategic and financial partner for Boardroom as it pursues its growth initiatives,” said Tom Spivey, a managing director for Deloitte Corporate Finance LLC.

About The Boardroom Salon Company, LLC
Since 2004, The Boardroom Salon Company, LLC has been the place where men get ready. Boardroom delivers the ultimate relaxed grooming experience for men by providing exceptional haircuts, shaves and spa services in an elegant, country club environment. Boardroom currently has 30 locations throughout Texas, Oklahoma, Georgia and Tennessee. For more information, visit www.boardroomsalon.com.

About LightBay Capital
LightBay Capital is a Los Angeles-based private equity firm that applies a flexible capital approach to middle-market investing. Primarily focused on the consumer, healthcare and business services industries, LightBay invests across the capital structure and in all market environments to help accelerate the growth of high-quality companies. For more information, visit www.lightbaycapital.com.

About Deloitte Corporate Finance LLC
Deloitte Corporate Finance LLC provides strategic advisory services and M&A advice that help corporate, entrepreneurial and private equity clients create and act upon opportunities for liquidity, growth and long-term advantage. With an in-depth understanding of the marketplace and access to a global network of investment bankers, we help clients confidently pursue strategic transactions in both domestic and global markets. Deloitte Corporate Finance, together with the Corporate Finance Advisory practices within the Deloitte Touche Tohmatsu Limited network of member firms, include in excess of 1,900 professionals, who work collaboratively across 150 international locations. With our significant experience providing investment banking services across key industries, we are able to offer our clients solutions that help them to achieve their strategic objectives. For more information, visit www.investmentbanking.deloitte.com.

Prior engagement performance is no guarantee of future performance and may not be representative of the experience of other clients. This communication is for informational purposes only and is not intended as an offer or solicitation for the purchase or sale of a security.

Deloitte Corporate Finance LLC, an SEC registered broker-dealer and member of FINRA and SIPC, is an indirect wholly-owned subsidiary of Deloitte Financial Advisory Services LLP and affiliate of Deloitte Transactions and Business Analytics LLP. Investment banking products and services within the United States are offered exclusively through Deloitte Corporate Finance LLC. For more information, visit www.investmentbanking.deloitte.com. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.