Beach Point Capital Invests in Fullers Foods
Beach Point Capital Management LP has announced an investment in Fullers Foods, a UK-based outsourced buying partner for retailers. The transaction marks the continuation of Beach Point's Hybrid Solutions strategy and supports Quilvest Capital Partners' liquidity goals while maintaining its stake in the company. Jay Takefman, Co-Head of Hybrid Solutions at Beach Point, emphasized that this deal aligns with their approach to provide tailored capital solutions for middle-market businesses. Fullers Foods, founded in 1871 and based in Leeds, offers frozen food products through own-label and branded formats sourced globally. CEO Kevin Smith expressed enthusiasm about partnering with Beach Point as the company moves into a new growth phase focused on innovation and customer reliability. The investment also highlights recent successes of Beach Point's Hybrid Solutions strategy, including previous sales like Smile America Partners and E-Z Up Inc. The firm’s Hybrid Solutions team manages approximately $1 billion in capital and is led by Takefman and Robert Bergmann. Their approach typically involves structured investments that blend credit and equity characteristics to meet the specific needs of companies and stakeholders.
Topics: alternative investments Hybrid Solutions strategy middle-market companies