Daily News: June 18, 2014

NewStar Provides ACG Revolver

NewStar Business Credit announced it provided a revolving credit facility totaling $5.75 million to KRAVE Pure Foods.

Krave is a portfolio company of Alliance Consumer Growth, a private equity investment firm focused exclusively on high-growth consumer companies. The revolving credit facility will be used by Krave to support their continued significant growth.

“We are pleased to have the opportunity to work with a young pioneering brand like Krave and help them continue their upward trend,” said Milton Iskra, National Marketing Manager, NewStar. Lisa Adams, an SVP located in the NewStar’s San Francisco office, originated the transaction.

Sonoma, CA-based Krave is an emerging snack food company that manufactures and markets a line of eight jerky products. These include all-natural beef, pork, and turkey, produced without artificial flavoring or nitrites and are low in sodium.