Daily News: April 4, 2019

LBC Supports Tilia Acquisition of Proven Partners Group


LBC Credit Partners provided senior secured credit facilities to support Tilia Holdings’ acquisition of Proven Partners Group.

LBC served as sole lender on the facilities.

Headquartered in Elgin, IL, PPG is a contract manufacturer and packager of dried and powdered foods. The company services global food and beverage customers across a variety of categories, including meal replacement and protein powders, coffee, snacks, creamer, cereal, baking items and other dried and powdered products. PPG’s blending and packaging capabilities and flexible service offerings enable its customers to better manage their complex product portfolios and expand their distribution channel product offerings.

Tilia is a Chicago-based private investment firm focused exclusively on the food supply chain. Through an interdisciplinary approach to investing, Tilia partners with business services companies that support leading and emerging CPG brands.

Headquartered in Philadelphia, LBC Credit Partners provides middle market and small-cap financing solutions supporting sponsored and non-sponsored transactions throughout the U.S. across a broad range of industries.