Penfund leads loan facility backing THL's buy of Give & Go
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 Corp. No financial terms were disclosed. Give & Go, a Canadian maker of sweet baked goods, was bought by THL from OMERS Private Equity (OPE) earlier this month. PE Hub Canada reported that OPE tripled its investment as a result of the deal. Toronto-based Penfund, a provider of junior capital to North American mid-market companies, is currently raising its fifth fund. PE Hub Canada reported Penfund Capital Fund V is expected to soon close above its $525 million target.
15 August 2016•3 mins read
