Avante Mezzanine Partners said April 17 that it has made a subordinated debt and equity investment to back Promus Equity Partners’ investment in Quest Products LLC. Financial terms weren’t announced. Quest, of Pleasant Prairie, Wisconsin, is a consumer packaged goods company that manages OCT healthcare brands. Quest, in conjunction with the Promus investment, said it also acquired Clinere Products LLC, and its line of ear-cleaning products.
Avante Mezzanine Partners Announces Invesment in Quest Products
Los Angeles, California – Avante Mezzanine Partners (“Avante”) announced that it has made a subordinated debt and equity investment to support the acquisition of Quest Products, LLC (“Quest”) by Promus Equity Partners (“Promus”). Headquartered in Pleasant Prairie, Wisconsin, Quest is a multi-faceted Consumer Packaged Goods company managing several leading OTC healthcare brands, and providing e-commerce services such as distribution, marketing and website management to over 100 national brands. In conjunction with the acquisition, Quest acquired Clinere Products, LLC, and its leading line of ear-cleaning products.
“Quest marks our third deal partnering with Avante” said Steve Brown of Promus Partners. “Avante’s focused and collaborative diligence efforts and proven, long-term support of our prior investments clearly differentiate them from other capital providers.”
“Quest’s leading niche healthcare brands, blue-chip customer base, strong management team and attractive growth opportunities represent several of the key attributes we seek in companies” said Ivelisse Rodriguez Simon, Partner of Avante. “Quest will benefit from Promus’ guidance and extensive experience in consumer products, and we are excited to provide future support to Quest’s management team as they acquire and develop innovative products to add to their growing family of brands.”