Capital Southwest provided a revolving credit facility, a first lien term loan, a delayed draw term loan and a minority equity co-investment to support New Harbor Capital in its majority growth equity investment in Food Technology and Design dba FoodPharma. Capital Southwest led the financing and will act as the sole administrative agent.
“We are excited to partner with NHC on its investment in FoodPharma,” Josh Weinstein, senior managing director of Capital Southwest, said. “The company has a demonstrated track record of being a value-added manufacturer of functional foods.”
“FoodPharma delivers sophisticated development capabilities to its clients, allowing them to develop products in the evolving functional food category,” Grant Eason, senior vice president of Capital Southwest, said.
Founded in 2000 and headquartered in Santa Fe Springs, CA, FoodPharma leverages a portfolio of more than 500 proprietary formulas and recipes, as well as in-house research, development and formulation capabilities, to deliver food products to its customers.