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Lion Capital, the consumer specialist private equity firm, has funded the acquisition of a controlling stake in energy brand Grenade with a credit facility from EQT.
EQT Credit provided a "bespoke financing package" to Lion, a source close to the deal said on Tuesday, to invest in Grenade, the international active nutrition company and lifestyle brand based in Solihull, UK.
Lion announced its involvement with Grenade in March. The transaction valued...