Farragut Capital Partners and Promise Holdings Recapitalize Malley's Candies
February 14, 2023
Farragut Capital Partners provided subordinated debt and preferred equity to support a recapitalization of Malley's Candies led by Promise Holdings, with co-investment from Charter Growth Capital and a group of local Cleveland investors. The transaction preserves family management—CEO Mike Malley and his siblings remain with the business—and will support the long-running Cleveland confectioner and its retail footprint.
- Buyers
- Farragut Capital Partners, Promise Holdings, Charter Growth Capital, Group of local Cleveland investors
- Targets
- Malley's Candies
- Sellers
- Malley family
- Industry
- Food & Beverage
- Location
- Ohio, United States
- Transaction Type
- Recapitalization
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.