Chicago, IL – December 14, 2022 – SG Stonegate Capital, a division of SG Credit Partners (“SGCP”), a family-office backed lender providing capital to lower middle market businesses and entrepreneurs, is pleased to announce the closing of a senior debt investment in Brazi Bites, a leading U.S. brand of Latin-inspired foods.
Brazi Bites began with an authentic family recipe for a Brazilian household staple and a passion to share the joyful moments that accompany delicious high-quality food. A pioneer of Latin-inspired better-for-you foods, the brand first produced their award-winning Brazilian cheese bread and has since expanded their product line to include a variety of empanadas, pizza bites, and breakfast sandwiches, all of which are clean label and naturally gluten-free. With a foundation of simple, wholesome ingredients, Brazi’s easy-to-make products enable consumers to enjoy more time with the people they love.
“Brazi Bites has created an exciting offering of unique, delicious products. Their approach to building an authentic brand that is 100% focused on the consumer is an ideal fit for our investment thesis,” said Charlie Perer, Co-Founder and Head of Originations at SG Credit Partners. “We look forward to supporting their growth trajectory for years to come.”
“Partnering with SG Stonegate is a key step in the next phase of Brazi Bites as we continue to expand both the reach of our distribution as well as launch new product lines. They are a perfect fit for our growth story that is still unfolding.” said Mike Guanella, Brazi Bites CEO.
SG Stonegate has significant experience investing in the emerging food and beverage space. Current and past investments include Brazi Bites, Clio Snacks, Tata Harper, Purely Elizabeth, Simple Mills, Smith Teamaker, Van Leeuwen Ice Cream, and Zevia.
About Brazi Bites
Brazi Bites is a leading U.S. brand of Latin-inspired, naturally gluten-free and better-for-you foods. Based in Portland, OR, Brazi Bites products can be found at more than 16,000 natural and conventional stores nationwide, including Whole Foods, Target, Costco, Wegmans, Publix, Kroger, Albertsons, and more, as well as online at www.brazibites.com and Amazon. For more information and to browse Brazi Bites products, please visit www.brazibites.com.
About SG Stonegate Capital / SG Credit Partners
SG Stonegate Capital, a division of SG Credit Partners (“SGCP”), is a family-office backed lender providing capital to lower middle market businesses and entrepreneurs requiring tailored credit solutions. SG Stonegate and SGCP provide structured credit solutions ranging from $2 Million – $20 Million primarily via three credit verticals: Software & Technology, Consumer Products, and Lower Middle Market. The firm has collectively deployed over $500MM+ of capital to lower middle market businesses across a variety of industries. For more information, please visit www.sgcreditpartners.com.