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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Swander Pace Capital’s Acquisition of Mommy’s Bliss
Jun 23, 2021SHARE
Houston – TX, June 22, 2021 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of Swander Pace Capital’s (“SPC”) investment in Mommy’s Bliss, Inc. (“Mommy’s Bliss”), an all-natural, over-the-counter health and wellness brand for babies, kids, moms, and moms-to-be.
Mommy’s Bliss was founded in 1999 by Roshan Kaderali, mother of three, who introduced Gripe Water, an herbal digestive supplement for infants, to the United States while working in the medical field as a pediatric nurse, midwife, and doula. The Mommy’s Bliss product line now includes more than 40 wellness products for families, focusing on digestive support, probiotics, vitamins, sleep support, and immunity products.
“We are pleased to partner with Stellus on a high growth health and wellness company”, said Alex Litt, Senior Vice President at SPC, adding, “The Stellus team was able to move quickly to structure the investment and was flexible throughout the process”.
Adam Pollock, Managing Director at Stellus, added, “We are excited about and appreciative of the opportunity to partner with SPC, Yasmin Kaderali (CEO), and the rest of the Mommy’s Bliss team. Mommy’s Bliss’ is a clear leader in marketing unique, high-quality, readily available products created by and for moms. Combined with SPC’s experience in the space, this platform is well positioned for its next phase of growth”.
For inquiries related to this Press Release, please contact:
Adam Pollock
(713) 292-5407
apollock@stelluscapital.com
