FREE SUBSCRIPTION Includes: The Advisor Daily eBlast + Exclusive Content + Professional Network Membership: JOIN NOW LOGIN
Skip Navigation LinksHome / News / Read News


CapX Partners Provides $5MM Lease Line to Caro Nut

September 12, 2013, 06:56 AM

CapX Partners announed it provided Caro Nut with a $5 million capex lease line of credit to be used by the company to purchase mission critical equipment to build a new roasting facility to allow the company to expand the product mix and services it offered its retail customers.

Bolstered by CapX's strong customer relationships across the Candor AGS portfolio, CapX was a trusted resource for the company. "We were looking for a partner that was upfront and honest from start to finish. With CapX we signed the same deal that was offered in the original proposal. There were no games or last minutes changes" stated David Mahaffy, President and CEO, Caro Nut Company. According to CapX Founding Partner Jim Hallene,  "We are pleased to be a part of helping Caro Nut achieve its expansion goals."

Caro Nut specializes in bringing limited source nuts from around the world to market. They focus on partnering with growers and processors, some in developing countries, to bring high quality products to large retail customers. Headquartered in Fresno, Caro Nut is one of the several companies operating under the Candor AGS portfolio. Privately owned and supported by an experienced management team, Caro Nut is looking to its new roasting facility to enable expansion of its product mix and services.

Founded in 1999, CapX Partners is a specialty finance company that focuses on private equity and venture backed portfolio companies looking for debt financing in the $2-$20 million range. CapX favors manufacturing, distribution, technology, energy and healthcare industries with an emphasis on revenue producing fixed assets.

Comments From Our Members

You must be an Equipment Finance Advisor member to post comments. Login or Join Now.