Barings, one of the world’s leading investment managers, today announced it has served as lead agent for an incremental senior secured facility, increased revolver, and delayed draw term loan to support private investment firm Graham Partners’ portfolio company Woodland Gourmet (“Woodland”) in its acquisition of Sevillo Fine Foods (“Sevillo”), an artisan producer of quality, chef-inspired specialty ingredients. Headquartered in Waukegan, IL, Woodland Gourmet is a provider of authentic culinary solutions, and the acquisition of Sevillo expands Woodland’s product portfolio and value-add capabilities.
“Sevillo is highly complementary to the Woodland platform and we believe it will strengthen and scale the company’s offerings,” said Andrew Snyder, Managing Principal at Graham Partners. “We are glad to have the continued support of Barings, which has proven its capacity to finance Woodland’s growth initiatives and been a valued partner to Woodland throughout our hold.”
“We are delighted that Woodland identified Sevillo as they continue to scale and diversify their offerings,” said Scott Chappell, Managing Director in Barings’ North American Private Finance Group. “Woodland maintains a robust customer base through its well-established global supply chain, which will be further bolstered by Sevillo. We believe Graham has demonstrated how their deep experience across the food industry can accelerate their portfolio companies’ growth trajectory.”
About Barings
Barings is a $421+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.
*As of December 31, 2024
About Woodland Gourmet
Since its foundation in 1989, Woodland Gourmet, formerly Woodland Foods, has been a trusted source of culinary inspiration, deeply rooted in global flavor knowledge and exploration of specialty and dry ingredients. With a passion for innovation, partnership with customers to craft custom solutions, responsible ingredient sourcing, and operational excellence, Woodland Gourmet cultivates lasting partnerships through collaborative efforts that cater to the diverse needs of their foodservice, industrial, and retail customers.
About Graham Partners
Graham Partners is a private investment firm focused on investing in technology-driven companies that are spurring innovation in advanced manufacturing, resulting in product substitutions, raw materials conversions, and disruptions to traditional end markets. Graham Partners can offer control or minority capital solutions and typically targets companies with EBITDA up to $50 million. Since the firm’s founding in 1988 by Steven Graham, Graham Partners has closed over 160 acquisitions, joint ventures, financings, and divestitures. The committed capital raised since inception through the Graham Partners funds together with Graham-led co-investments totals approximately $6.4 billion as of December 31, 2024, which differs from Graham’s Regulatory Assets Under Management of approximately $4.0 billion as of December 31, 2024. Investors include high-net-worth individuals, college and university endowments, foundations, pension plans, insurance companies, funds-of-funds, and other institutional investors. Based in suburban Philadelphia, the firm has access to extensive operating resources and industrial expertise and is a member of The Graham Group, an alliance of independent operating businesses, investment firms and philanthropic entities, which all share in the common legacy of entrepreneur Donald Graham.
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