LBC creates loan facility for nutrition brand

The $3 billion credit specialist LBC Credit Partners provided a senior secured term loan, as part of a $115 million senior secure credit facility, to TruFood Manufacturing to support their purchase of Simply Natural Foods. TruFood, a manufacturer of private-label nutrition bars, is a portfolio company of AUA Private Equity Partners, according to the press announcement on the transaction. Simply Natural is a co-manufacturer of nutrition and better-for-you chocolate and bar brands. AUA, meanwhile, is known for its focus on providing strategic capital to companies in consumer products and services sectors with a focus on family-owned businesses or companies benefiting from the growth of the U.S. Hispanic population. "This acquisition represents our strong commitment and support to TruFood's growth strategy as we add network capacity, broaden our production capabilities and expand our position in high growth categories,” said Kyce Chihi, managing director of AUA Private Equity. “We are excited to welcome the Simply Natural Foods team as we continue to grow the TruFoods platform." Philadelphia-headquartered LBC provides middle market and small-cap financing throughout the U.S. across a broad range of industries. Earlier this week, the firm’s small-cap affiliate provided senior secured credit facilities to Avision Sales Group, a portfolio company of Tampa-based private equity firm Osceola Capital. LBC also partnered with direct lending firm GarMark Partners to provide the credit facilities to Avision.

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