On August 10, 2022, Benford Capital Partners (“Benford Capital” or “BCP”), a Chicago-based private equity investment firm, recapitalized Gum Products International, Inc. (“GPI” or the “Company”) in partnership with CEO and Founder Kenneth Tan, who will continue to lead the Company post-closing.
Kroll Corporate Finance served as an exclusive financial advisor to Gum Products International in connection with the transaction.
About Gum Products International
Founded in 1992 and based in Newmarket, Ontario, a suburb of Toronto, GPI is a leading B2B food ingredients company, focusing on proprietary hydrocolloid blends, vinegar-based antimicrobials, and other functional food ingredients and processing agents for a global customer base in North and South America, Europe, and Asia. Wildeboer Dellelce LLP served as legal counsel to Gum Products International.
About Benford Capital Partners
Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital has acquired over 40 companies, including several add-on acquisitions, and currently owns 14 platform companies. DLA Piper served as legal counsel to Benford Capital.