Silver Point Leads Financing for Acquisition by Bain Capital Private Equity of Significant Stake in 1440 Foods
Greenwich, CT, January 4, 2024 -- Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Joint Lead Arranger, alongside Fortress Investment Group, in the Senior Secured financing in support of the acquisition by Bain Capital Private Equity of a significant stake in 1440 Foods, in partnership with existing investor and operator 4x4 Capital.
1440 Foods is the former sports and active nutrition division of The Bountiful Company that was acquired in 2021 by 4x4 Capital. The company’s purpose is to provide people energy to unleash their potential through its innovative portfolio of healthy foods and supplements that are designed to support muscle development, recovery, and overall wellness goals.
“The Silver Point Finance team is pleased to partner with Fortress Investment Group in providing financing to Bain Capital Private Equity as 1440 Foods executes its growth plan focused on innovation and expanding distribution of its market-leading brands,” said Anthony DiNello, Head of Silver Point Finance.
About 1440 Foods
1440 Foods is a sports and active nutrition company on a mission to energize people to unleash their potential with a focused portfolio of accessible, great-tasting health and wellness brands: Pure Protein® nutrition bars; Body Fortress® high efficacy protein powders; and MET-Rx® high-performance meal replacements. 1440 Foods brands can be purchased online at Amazon, or at a wide range of grocery, pharmacy, and convenience store chains nationwide such as Wal-Mart, Target, Kroger, Meijer, Walgreens, and CVS. To learn more about 1440 Foods, visit www.1440Foods.com.
About Bain Capital Private Equity
Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity's global team of more than 280 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has 23 offices on four continents. Since its inception, the firm has made primary or add-on investments in more than 1,150 companies. In addition to private equity, Bain Capital invests across multiple asset classes, including credit, public equity, venture capital and real estate, managing approximately $180 billion in total assets and leveraging the firm's shared platform to capture opportunities in strategic areas of focus. For more information, please visit: https://www.baincapitalprivateequity.com/.
About 4x4 Capital
4x4 Capital is an investment platform focused on building value for companies in the consumer, services and industrials sectors. We combine deep management expertise with an investment and operational track record across multi-billion-dollar brands worldwide. Our partners' extensive operational experience and systematic approach to managing businesses and scaling growth drive our long-term view on value creation. Visit 4x4capital.com for more information.
About Silver Point Finance
For over 20 years, Silver Point Finance (SPF) has been an active participant in the direct lending market, providing customized financing solutions to middle-market companies across a broad range of industries. SPF’s transactions support acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. Along with its affiliates, SPF manages approximately $12 billion in investible capital and, in 2023, agented or arranged approximately $6.2 billion in credit facilities. Silver Point Finance is the direct lending business of Silver Point Capital, L.P., a leader in global credit investing that oversees the management of more than $25 billion in investible capital. For more information, please visit www.silverpointfinance.com.