Babson Capital Management agented senior secured credit facilities to support Gryphon Investors‘ majority investment in The Original Cakerie.

Babson served as sole lead arranger and administrative agent on the transaction, which included a revolving credit facility and a term loan facility.

“The Babson team again earned its reputation for being a reliable financing partner with the capacity to provide surety to close even on a strict timetable,” said Matt Farron, a principal at San Francisco-based Gryphon Investors. “Gryphon Investors appreciates Babson’s partnership on the investment in The Original Cakerie and we look forward to working with Babson again soon.”

“Babson is excited about the opportunity to partner with Gryphon Investors on the Canadian platform,” said Brian Baldwin, managing director in Charlotte, NC-based Babson’s North American Private Finance Group. “We believe Gryphon Investors’ food industry expertise will prove valuable in helping The Original Cakerie grow its business organically and through acquisition, and we look forward to supporting the company in this growth strategy.”

The Original Cakerie is a Canadian manufacturer of frozen desserts for retail and food service customers across North America.