LBC Small Cap Provides Unitranche Credit Facility and Equity Investment to Custom Foods, LLC
Oct 09, 2018
Small Cap deal announcements
Philadelphia, PA - 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.
*Information as of June 30, 2018
The Small Cap strategy, as well as any funds and investments related thereto, is managed by a licensed fund manager in the SBIC Program under the U.S. Small Business Administration, LBC Small Cap Management, L.P., which while owned by certain senior executives of LBC Credit Management, L.P. (“LBC Credit”), is separate and distinct from LBC Credit. For additional information, please contact [email protected]. With respect to LBC Credit Partners VI Feeder LP that are offered in Japan, LBC Credit Funding VI LP will provide to any member of the Japanese public a copy of such documents as are required to be made publicly available pursuant to Article 63 of the Financial Instruments and Exchange Act of Japan. Please contact [email protected] to request such documents.