SAN FRANCISCO--(BUSINESS WIRE)--Business Capital has delivered mezzanine financing for Canadian based Evergreen Consumer Brands (ECB), a fully integrated sales, marketing, and manufacturer of branded and contract filled health, beauty, oral care, and household cleaning products. One of the first companies to focus on acquiring and repositioning “orphan brands" in the value market, they own, produce and distribute iconic brands including: Silkience, Lavoris, Spa Haus, and Tame, which are sold to multi-billion dollar value oriented retailers such as Dollar Tree, Family Dollar, Dollar General, and Big Lots. The Company also has licensing agreements with established and recognizable brands.
ECB is a growing company with strong brand power in the value retail space, a competitive advantage in the market by being vertically aligned, and has strategic plans for new retail relationships, product launches and brand acquisitions. The funds will be used for a shareholder buyout.
“Evergreen Consumer Brands retained Business Capital after being referred by a trusted advisor. Their team immediately engaged,” said Bruce Friedman, Co-CEO of ECB. “They worked seamlessly with our staff, asked all the important questions, gained a complete understanding of our business, underwrote the credit, built a robust data room and went to market with a comprehensive information memorandum within 2 weeks. BizCap created an aggressive timetable for delivering sub debt and, true to their commitment, presented multiple offers within 45 days. We were able to quickly and successfully close this transaction within 60 days. On a personal note, Chuck Doyle, Reed Upson and Erik Ostebo are true masters of their craft, hands on, professional and all around superstars.”
Business Capital is a leading commercial finance and debt restructuring firm specializing in securing customized debt based solutions for rapidly growing as well as challenged small and middle market companies nationwide who require a unique, timely and tailored financing structure to address their particular needs, especially in situations where conventional capital sources are not an option.