MCG Capital supports acquisition of The Virginia Food Group. - Free Online Library
Summary
10 January 2013 -- MCG Capital Corp. (NASDAQ: MCGC) said it has closed a USD14.9m investment in Hammonds Candies Since 1920 II, LLC.MCGs investment consists of a subordinated term loan, and a senior secured term loan and revolving credit facility. Cambridge Information Group invested equity in the transaction.Hammonds is a niche manufacturer and marketer of premium branded candies, sold through various retail channels. MCGs investment was made in conjunction with Hammonds acquisition of The Virginia Food Group, Inc., d/b/a Old Dominion Peanut Company (ODP). ODP is a leading manufacturer and marketer of value branded seasonal peanut brittle and peanut candy, sold through value-oriented retailers throughout the United States.MCG Capital Corp. is a solutions-focused commercial finance company providing capital and advisory services to middle-market companies throughout the United States. For more information, visit www.mcgcapital.com.