An affiliate of Dallas-based private equity firm Paceline Equity Partners has provided a debt investment in Promise Confections, a portfolio company of private investment firm Promise Holdings, through a second lien credit facility.
Promise Confections is a private label, branded manufacturer, and co-manufacturer of confections and gourmet snacks, including chocolate covered nuts, truffles, candy bars and mints.
The company’s brands include proprietary Girl Scouts licensed products, Salted Nut Roll, Big Hunk, Rocky Road, Abba-Zaba, Dilettante Chocolates and Myntz! Breathmints.
Promise Holdings first acquired Annabelle’s Candy Co in 2021 and has since completed three add-on acquisitions of Edward Marc Brands, Pearson’s Candy Co and Seattle Gourmet Foods.
