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Investments: Current Investments: 21st Century Grain Processing
21st Century Grain Processing |  Investment Date: November 2006  |  Investment Type: Buyout

Business Description:
21st Century Grain Processing ("21C") operates oat and flour mills as well as food-grade corn processing facilities. The company offers oat flakes, oat flour, coated oats and other oat related products, whole wheat, white flour and white and yellow food grade corn products. The company serves consumer-based food and personal care companies from its locations in New Mexico, Texas, California, and Nebraska. The company was founded in 1996 and is based in Kansas City, Missouri.

Falcon Solution:
Falcon partnered with a non-traditional private equity group with deep food industry experience to provide a financing solution to support management's acquisition of a non-core milling operation from a leading branded food company. Falcon recognized the acquisition opportunity as an important component to growing 21C's specialty grain and ingredient platform. Falcon's initial and subsequent investments in 21C provided capital to support strategic growth, acquisition and expansion opportunities.

 

 

 

 

Industry:
Specialty grain-based ingredient
food processing
Sponsor:
Non-traditional private equity group
Securities:
Redeemable PIK preferred units with warrants
Financing Challenge:
Acquisition of a non-core but fast growing grain processing division of a publicly traded parent
Exit Date:
Current investment
Company Website:
http://www.21stcenturygrain.com/