Penfund commits $15 mln to refinancing of THL's Give & Go

Canadian private equity firm Penfund has further invested in Give & Go Prepared Foods Corp, a Canadian maker of branded and private-label sweet baked goods. Penfund provided an additional US$15 million of second-lien debt as part of Give & Go's recent first- and second-lien refinancing. Toronto-based Give & Go was last year acquired by U.S. private equity Thomas H. Lee Partners from OMERS Private Equity, reportedly for about $1 billion (US$800 million). Earlier in 2017, the company bought the business of U.S.-based United Baking Co Inc and its affiliates Uncle Wally’s LLC and Vision Enterprises LLC.

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