THL Credit, Inc. (NASDAQ: TCRD) ("THL Credit") today announced its participation in the acquisition of Country Pure Foods, LLC (“Country Pure”) led by Mistral Equity Partners. THL Credit provided mezzanine financing for the transaction. Country Pure, headquartered in Akron, OH, is a leading independent producer and distributor of premium quality juices in the United States.
“We are impressed with Country Pure’s strong national footprint and its ability to provide customers with wholesome products. We are excited to partner with Mistral in this transaction and look forward to supporting the company’s continued growth,” said Chris Flynn, Managing Director at THL Credit Advisors LLC.
Country Pure currently offers over 350 unique products, across 24 packaging types and 38 distinct flavors. The company’s diverse product offering is supported by three flexible and efficient manufacturing facilities, located in Ohio, Florida and Connecticut.
“Country Pure is ideally suited to THL Credit’s investment criteria and fits well into our portfolio of middle market companies with a record of solid performance,” commented Howard Wu, Vice President of THL Credit Advisors LLC. “We believe the company, with its experienced management team and attractive end markets, is uniquely positioned to capitalize on stable juice industry trends.”About THL Credit THL Credit is an externally-managed, non-diversified closed-end management investment company that has elected to be regulated as a business development company (BDC) under the Investment Company Act of 1940. THL Credit’s investment objective is to generate both current income and capital appreciation, primarily through investments in privately negotiated debt and equity securities of middle market companies. THL Credit invests primarily in private subordinated debt, or mezzanine debt, in middle market companies with annual revenues of between $25 million and $500 million that require capital for growth and acquisitions. Such investments in many cases include an associated equity component such as warrants, preferred stock or other similar securities. THL Credit’s investment activities are managed by THL Credit Advisors LLC, an investment adviser registered under the Investment Advisers Act of 1940.