LBC Credit Partners said it provided a senior secured term loan to support the recapitalization and investment in Pride Family Brands by New Water Capital Partners. LBC Credit Partners served as agent for the senior secured term loan facility.

Fort Lauderdale, FL-based Pride designs, manufactures and distributes hand-forged artisan quality aluminum outdoor furniture and designs and supplies promotional outdoor furniture.

New Water Capital Partners, a private equity fund, is focused on investing in lower middle market companies with revenues between $30 and $300 million in the Consumer Products, Retail and Industrial Manufacturing & Services industries.