GE Capital, Corporate Finance has served lead arranger on a USD180 million senior secured credit facility for Arbor Investments, a Chicago-based food and beverage private investment firm, to acquire a majority equity stake in DPI Specialty Foods.
GE Capital Markets served as sole lead arranger and bookrunner on the transaction.
Ontario, California-based DPI Specialty Foods sells gourmet, ethnic, organic and better-for-you foods to national, regional and independent retailers, with eight distribution centres across the US.
“GE Capital and Arbor Investments have a long-standing relationship that has provided many opportunities for food and beverage companies,” says Paul Baisley, managing director for GE Capital, Corporate Finance’s food and beverage group.
“GE’s understanding of the food industry and ability to execute quickly were key in completing this transaction,” says Alan Weed of Arbor Investments. “This expertise enabled them to provide us with the financing we needed to effectively acquire DPI.”
“We look forward to continued growth and expansion into the specialty food and beverage segments working closely with DPI,” says Chris Nay, senior managing director for GE Capital, Corporate Finance’s food and beverage group. “We specialise in helping food and beverage clients to support their business objectives and continue their development.”
