New Heritage Capital Invests in Welcome Dairy
June 23, 2019
New Heritage Capital completed a minority recapitalization investment in Wisconsin-based Welcome Dairy Holdings, LLC, providing founders liquidity while leaving operating control with the reinvesting management team. Five Points Capital provided last-out unitranche term debt to support the transaction, which is intended to accelerate Welcome Dairy's growth by leveraging its R&D and manufacturing capabilities in dairy flavorings, cheese sauces, seasonings and functional cheese.
- Buyers
- New Heritage Capital
- Targets
- Welcome Dairy Holdings, LLC
- Industry
- Food & Beverage
- Location
- Wisconsin, United States
- Transaction Type
- Growth capital
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