International law firm McDermott Will & Emery represented Gemspring Capital Management, LLC, a Connecticut-based private equity firm (“Gemspring Capital”), on its platform acquisition of Bradford Soap International, Inc., a leading developer, formulator and manufacturer of beauty & personal care products.
McDermott also advised on the structuring, negotiation and documentation of (i) a Term Loan Credit Agreement with Capital Dynamics US, Inc. as Administrative Agent and (ii) an Asset Based Revolving Loan with Bank of America, N.A. as Administrative Agent. Loan proceeds were used to finance the acquisition and for working capital purposes.
For more than 140 years, Bradford has helped companies build great brands by creating innovative personal care products and offering a range of turnkey solutions from formulation to manufacturing, labeling, and packaging. It is the world’s leading manufacturer of specialty bar soap, cleansing poufs, and anhydrous products, including moisturizers, cleansers, shave sticks, and more. Headquartered in Rhode Island, Bradford also has facilities in Indiana and California.
Gemspring Capital is a middle market private equity firm with $3.4 billion of capital under management focused on companies generating up to $500 million in revenue in the aerospace & defense, business services, consumer services, financial and insurance services, healthcare services, industrial services, software and tech-enabled services, or specialty manufacturing sectors.
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