Specialty Food Processor/Brand

Investment Amount: $18,750,000
Investment Date: March, 2018


A high growth, category leading sponsor-backed specialty food processor/brand required $11M+ of growth capital expenditures in 2018. The Company’s levered balance sheet and scaling cash flow made conventional bank underwriting difficult. CapX was already a proven capital provider for the sponsor and overcame typical rejection rationale to bring much needed capital to the Company’s growth plans.  

An integral part of the Company’s growth strategy is to grow a new product category. This required the ownership and management to “double down” on further vertical integration (pulling volume for third party co-packers) and producing its own product going forward. CapX was asked to fill an additional $7.5M to support the increase capital expenditure plan and successfully syndicated to a peer lessor/lender.