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Lee Equity Partners secures $23.5M for Papa Murphy's
June 6, 2010
Ares Capital has announced it's providing debt financing to support the acquisition by financial sponsor Lee Equity Partners of Papa Murphy's. Ares Capital invested approximately $23.5 million in the senior secured credit facility, according to a company statement.
Lee Equity Partners bought Papa Murphy's, the 1,150-store take 'n' bake pizza chain, in April.
Ares Capital is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Ares Capital is a specialty finance company that provides integrated debt and equity financing solutions to U.S. middle market companies.
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