Finance — Truelink Capital nears $1B acquisition of ingredients maker Lyons Magnus

Los Angeles-based private-equity firm Truelink Capital is finalizing a deal to acquire Lyons Magnus, a maker of coffee syrups and other beverage ingredients, for approximately $1 billion including debt. The seller is Paine Schwartz Partners, which has owned Lyons Magnus since 2017 and has since overseen its revenue growth to over $1 billion annually. The transaction is the latest in a series of deals within the food ingredients sector.