Gibraltar Business Capital provided a $26.4 million senior credit facility to Lion Equity Partners, a Denver-based private equity firm, to support its acquisition of Country Life, which operates a portfolio of brands in the natural supplements, sports nutrition and personal care markets, including Country Life Vitamins, Desert Essence Personal Care and Biochem Protein.
This acquisition financing represents the third instance that Gibraltar Business Capital and Lion Equity have partnered on a transaction. The financing was primarily secured by accounts receivable, inventory, machinery and equipment, and real estate, but it also included an over-advance to unlock additional liquidity to facilitate the transaction.
“As a trusted partner of Lion Equity Partners, we knew GBC would be able to move quickly, meet our needs and deliver a certainty of close,” Ari Silverman, co-founder and partner of Lion Equity Partners, said. “We have been continually impressed by the ability of Gibraltar’s team to think outside the box and support our liquidity needs with less restrictive structures.”
