Lakeview Farms - Onex Falcon

Lakeview Farms

Sponsor in need of structured equity in support of an acquisition with tight commitment timeframe

Business Description:

Lakeview Farms manufactures and sells refrigerated desserts, dips and sour cream. Lakeview Farms’ products are sold nationally to many large national and regional food retailers under the brand names Lakeview Farms®, Luisa’s®, Señor Rico® and Winky®, as well as several private label store brands. Recently, Lakeview has strategically focused on the growing Hispanic market, introducing authentic products and brands in both the dessert and dip categories.

Falcon Solution:

Falcon partnered with Sequel Holdings, L.P., a Dallas-based private equity firm focused on investing in and growing lower middle market companies, primarily in the food & beverage, agribusiness, plastics, and related industrial sectors. Falcon provided a flexible capital solution, investing in subordinated debt, preferred stock and common equity to support the acquisition.

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Investment Date:

DEC 2014

Transaction Type:

Buyout

Industry:

Food processing

Sponsor:

Private equity group

Securities:

Redeemable preferred stock and common stock

Exit Date:

Current Investment