TCF Capital Funding provided $11.25 million in secured financing in connection with Corridor Capital’s investment in Indo~European Foods. Centerfield Capital Partners, a mezzanine debt and equity investor, participated with Corridor in supporting Indo~European.
For nearly 40 years, Glendale, CA-based Indo~European has provided specialty and gourmet Eastern European, Mediterranean, North African and South Asian foods to independent, ethnic grocers in the Western U.S. and select national food wholesalers and retailers.
“We are excited to partner with Indo~European, Corridor and Centerfield. Through an extensive knowledge of and passion for ethnic and specialty foods, the Indo~European management team has proven its ability to consistently meet the needs of its customers in the evolving specialty foods market. We believe the partnership between the company’s management and Corridor will allow Indo~European to enhance its value to customers and expand its product and service offerings,” said Kevin Nowak, TCF Capital Funding SVP.