Corbel Structured Equity Partners Finances The Astor Group’s Acquisition of Assets of Borough Park Bakery, LLC
Advised Corbel Structured Equity Partners on a structured investment into Brooklyn Brands in the form of senior secured debt and preferred equity to support the growth of the company. Brooklyn Brands, LLC, a portfolio company of independent sponsor The Astor Group, is a leading manufacturer and wholesaler of cookies, cakes, breads and pastries nationwide, primarily branded as Lilly’s Homestyle Bakery and Schick’s Gourmet Bakery. The bakery products are sold at Costco, Whole Foods, Trader Joe’s and others as both branded and private-label products.
Chris Ivey led the equity and acquisition-related aspects.