Linsalata Capital Partners Acquires Eatem Corporation; GE Antares Supports the Deal

By Rajani Baburajan

TMCnet Contributor

 

GE Antares Capital, a unit of GE Capital, is supporting the acquisition of Eatem Corporation by Linsalata Capital Partners by offering $37 million senior secured credit facility to the company.

 

Financial details of Linsalata’s acquisition of Eatem were not disclosed.

 

Founded in 1983, Eatem Corporation develops and manufacturers proprietary food bases and savory flavor systems that deliver the basic flavor profile for their customer’s food products, which are primarily soups, sauces and gravies. 

 

The company is known for product development and innovation, which is vital in the food industry.  It maintains a collection of unique recipes, including a wide range of health and nutrient focused segments such as “No MSG,” “Low Sodium,” and “Organic” in addition to customized recipes and general flavor offerings. 

 

Eatem often works collaboratively with its blue chip customer base of food manufacturers to develop new flavor systems for particular new end products, according to company officials.

 

GE Antares is a leading middle market lender, offering a “one-stop” source for GE’s lending and other services offered to middle market private equity sponsors.

 

Founded in 1984, the Ohio-based Linsalata Capital Partners so far has completed 93 buy-side transactions totaling more than $3 billion. Linsalata Capital Partners is currently investing from its sixth fund, Linsalata Capital Partners Fund V, L.P. (LinCap V), with $425 million in committed equity capital.