GE Capital, Corporate Finance announced it is serving as administrative agent on a $49.5 million senior secured credit facility for Flavor Producers, a creator of custom-formulated flavors for food and beverage companies globally.
Flavor will use the funds to explore acquisitions as well as for general working capital needs. GE Capital Markets served as sole lead arranger and bookrunner on the facility.
“Flavor Producers is very well positioned to make strategic acquisitions and we are glad that the company has partnered with a terrific group like GE Capital,” said David Bergstein, CEO of Cyrano Group. Based in Los Angeles, Cyrano Group is a boutique merchant bank serving the needs of early stage and middle-market companies.
“Flavor Producers has a loyal client base,” said Chris Nay, senior managing director for GE Capital, Corporate Finance’s food and beverage group. “We are excited to apply our experience to help them continue to grow their share of the market.”
Valencia, CA-based Flavor Producers follows trends, laws and regulations in the food and beverage industry to develop flavor products for drinks, nutrition bars, dairy products and cereals, and other food categories.