Stellus Capital Management’s affiliates provided senior debt financing and an equity co-investment in support of SK Capital Partners’ acquisition of Spectra Confectionary, a Canadian manufacturer of decorative toppings and confectionery products, supplying sprinkles, chocolate vermicelli, non-pareils and sugar shapes to food distributors, bakeries and snack food companies in North America.
“The Georgas family has built a tremendous business with an industry-wide reputation for quality and customer service over Spectra’s 30-year history. We are honored they selected SK Capital as their partner in executing the company’s next phase of growth,” Dan Lory, principal at SK Capital, said. “We are pleased to partner with Stellus on this exciting opportunity and appreciate their support and flexibility during the financing process.”
“Spectra fits right in SK Capital’s fairway, and we are thankful for the opportunity to partner with them and the Spectra team,” Adam Pollock, managing director at Stellus, said. “Further, we believe that Spectra’s entrenched market position, customer-centric innovation and favorable demand drivers position it for continued success.”
