Babson Capital Management LLC, a global investment management firm with more than $154 billion in assets under management and operations on four continents, today announced it provided subordinated debt and made an equity co-investment to support Arbor Investments’ purchase of Columbus Manufacturing Inc.
Babson Capital was the lead provider of subordinated debt on the transaction.
Columbus Manufacturing, based in Hayward, Calif., is the leading provider of premium Italian cured meats and deli meats to the West Coast market and holds the No. 2 position in the premium deli meats category nationally.
“Arbor Investments’ longtime relationship with Babson Capital allowed us to streamline the approval process and complete the acquisition of Columbus Manufacturing in a timely and efficient manner,” said Ryan McKenzie, partner at Arbor Investments. “We value the expertise and depth of experience in the middle market that Babson Capital’s Mezzanine & Private Equity Group brings to every transaction and we look forward to partnering with the team on this and many future investments.”“Babson Capital is excited about the opportunity to work with our valued partners at Arbor Investments on the Columbus Manufacturing investment,” said Mike Klofas, Managing Director and head of Babson Capital’s Mezzanine & Private Equity Group. “The pedigree of Columbus’ 95-year-old brand, the quality of its products and its exceptional management team all point to an extraordinary growth opportunity that Arbor is uniquely qualified to help Columbus realize.” About Arbor Investments Arbor Investments is the recognized leader and market maker in food and beverage private equity. We have been the most active private-equity acquirer of middle-market food and beverage companies for more than a decade. Since our founding in 1999, this has been our sole focus. We have built our reputation as the largest and most successful middle market buyout firm in North American food and beverage by acquiring high-quality niche players, preparing them for the next level of growth and providing the support they need to achieve it. For more information, contact Ryan McKenzie at (312) 981-3774 or visit www.arborpic.com. About Babson Capital Babson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have over $154 billion in assets under management as of September 30, 2012. Through proprietary research and a focus on investment fundamentals, we develop products and strategies that leverage our broad array of expertise in global corporate debt markets, structured products, debt and equity financing for commercial real estate, and alternatives. Headquartered in Boston, the firm’s subsidiaries include Cornerstone Real Estate Advisers LLC and Wood Creek Capital Management, LLC. Babson Capital is a member of the MassMutual Financial Group and is on the web at www.BabsonCapital.com.
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