Penfund leads second lien financing for Thomas H. Lee Partners’ buy of Give and Go

August 16
08:46 2016

Canadian private equity firm Penfund has led a second lien loan financing in support of Thomas H. Lee Partners’ (THL) acquisition of Give and Go Prepared Foods Corporation.

Give and Go, formerly owned by OMERS Private Equity (OPE), was sold to affiliates of U.S. private equity firm Thomas H. Lee Partners on August 3 of this year.

John Bradlow, a partner at Penfund, says, “We are delighted to support THL and are excited about partnering with Give & Go. We believe the acquisition will allow Give & Go to continue its strong growth and maintain its market leadership position.”

Under OPE ownership, Give & Go more than doubled U.S. sales by executing on an aggressive expansion plan including the development of important partnerships with many leading supermarket retailers, and gained market share by providing these customers with innovative, on-trend products.

OPE says Give & Go returned approximately three times its original investment.

Additionally, Give & Go made two strategic acquisitions as well as significant capital investments to support its growth.

Concurrent with the closing of the acquisition by THL, Give & Go completed the acquisition of Create-a-Treat Ltd., NAFTA Foods and Packaging Inc., and related entities (together, NAFTA CAT). NAFTA CAT will form a new division inside Give and Go, simply called “Create-a-Treat.”

Both Penfund and OMERS Private Equity are members of the Canadian Venture Capital and Private Equity Association.

Read the Press Release

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