LBC Small Cap, an affiliate of LBC Credit Partners, has provided a credit facility and equity co-investment to Sante Fe Springs, California-based Custom Foods LLC, a provider of branded and private label dry blended food products. No financial terms were disclosed. The capital infusion will be used for growth and acquisition strategy. LBC Small Cap was agent and sole lead arranger for the credit facility.
Philadelphia, PA, October 9, 2018- LBC Small Cap, an affiliate of LBC Credit Partners, a leading provider of financing solutions to lower middle market companies, provided a unitranche credit facility and equity co-investment to Custom Foods, LLC (“Custom Foods”) to support its growth and acquisition strategy.
LBC Small Cap served as Agent and Sole Lead Arranger for the credit facility.
Based in Sante Fe Springs, California, Custom Foods formulates, manufactures, processes and packs branded and private label dry blended food products. In addition to being a OU Kosher and Organic Certified facility, the company has also attained several “on-trend” certifications including non-GMO, gluten-free and 100% natural. Custom Foods works closely with many high-profile customers in both grocery and retail.
About LBC Small Cap
LBC Small Cap is focused on originating, executing and managing senior secured, unitranche, junior debt, structured equity and equity co-investments in U.S. lower middle market companies with EBITDA between $2 million and $5 million. The Small Cap Team looks to deploy between $4 million and $15 million per transaction to support funded sponsors, independent sponsors, and family-owned businesses across a broad array of industries.
About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $3 billion* of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. LBC is headquartered in Philadelphia, with offices in Chicago, New York and Los Angeles. To learn more, visit www.lbccredit.com.