Triangle Capital Corporation (NASDAQ: TCAP) said it has invested US$10.5m in Botanical Laboratories through the extension of subordinated debt. Botanical manufactures and distributes branded and private label vitamins, minerals and nutritional supplements through 40,000 retail locations within the US and six international countries.
"The market for nutritional supplements continues to grow as the baby boomer generation and the overall population focus more on preventive health. Botanical Laboratories is well-positioned to gain market share as the advantages of liquid supplements become increasingly evident," Triangle Capital chief executive, Garland S Tucker III commented.
Triangle Capital is a specialty finance company, which provides customized financing solutions to lower-middle market companies throughout the US. The company said its investment philosophy is to partner with business owners, management teams and financial sponsors to provide financing to fund growth, changes of control, or other corporate events.