BEACH POINT CAPITAL ANNOUNCES INVESTMENT IN FULLERS FOODS

Investment demonstrates continued momentum for Beach Point's Hybrid Solutions strategy, underscoring its broad capabilities to meet the needs of sponsors, middle-market companies and all stakeholders.

SANTA MONICA, Calif., Oct. 6, 2026 /PRNewswire/ -- Beach Point Capital Management LP ("Beach Point"), a global alternative investment manager with over $20 billion in assets under management, today announced its investment in Fullers Foods ("Fullers" or the "Company"), a leading outsourced buying partner to UK retailers.

Beach Point professionals are excited to renew their partnership with Fullers, having known the Company and its management team since 2022. With this investment, Fullers is entering a new chapter as it continues its mission to be a full-service provider of outsourced procurement and own-label program management in the UK.

Beach Point's investment in Fullers further demonstrates the flexibility of the Hybrid Solutions investment strategy. Beach Point supported Quilvest Capital Partners' ("Quilvest") achievement of its liquidity objectives for its investment in Fullers and Quilvest remains an important stakeholder in the Company. Beach Point is pleased to support the Company, Quilvest and Fullers' management team in furtherance of the Company's mission, its future growth and expansion.

Jay Takefman, Co-Head of Beach Point's Hybrid Solutions, said, "Fullers is a unique business with a long history of product innovation and category leadership in support of its world-class customers. We are proud to partner with the Company, its management team and all stakeholders during this important next step in its evolution. This investment reflects the type of opportunity our Hybrid Solutions strategy is designed to pursue; we were able to support a high-quality middle-market business with a customized capital structure, which suited all of the Company's stakeholders."

Kevin Smith, CEO of Fullers, said, "I am delighted to reunite with Jay Takefman and the Beach Point team. Myself and the management team are really excited to partner with Beach Point on the next phase of our growth journey and continue to build Fullers Foods into a valued supply partner our Retail and Foodservice customers can rely on. We are focused on developing our talented team and continuing to create innovative products and category solutions for our customers."

The transaction builds on continued momentum for Beach Point's Hybrid Solutions strategy, including the recent sales of Smile America Partners and E-Z Up Inc. Together, these three transactions underscore Beach Point's Hybrid Solutions strategy's ability to partner with middle-market businesses and financial sponsors across sectors, structuring tailored hybrid solutions and supporting management teams in driving value.

Beach Point's Hybrid Solutions strategy manages approximately $1 billion in capital and is led by Jay Takefman and Robert Bergmann, who manage the firm's Tactical Funds. The Hybrid Solutions team partners with business owners, sponsors and management teams to structure bespoke capital solutions tailored to meet companies' unique strategic and financing needs and seek differentiated returns to investors. The investments are flexible and highly structured capital investments that typically sit in the middle of the capital structure and exhibit both credit and equity characteristics.

About Fullers: 

Founded in 1871 and headquartered in Leeds, Yorkshire, UK, Fullers is a leading provider of outsourced buying services for UK grocers. The Company offers a broad range of frozen food products in own-label and branded formats to retailers sourced from suppliers around the world.

For more information, visit https://www.fullersfoods.com/

About Beach Point:

Beach Point Capital is a global alternative investment manager focused on opportunities across the credit spectrum. The firm's integrated platform spans Performing Credit, Opportunistic Credit, Structured Credit & Asset-Based Finance, and Private Credit, investing in hybrid solutions, high yield bonds, senior loans, CLO origination, securitized credit, direct lending, real estate credit, and capital solutions. Founded in 2009, Beach Point is employee-owned and manages over $20 billion in assets on behalf of a predominantly institutional client base, with offices in Los Angeles, New York, London, and Dublin.

For more information, visit https://beachpoint.capital

About Quilvest Capital Partners:

Quilvest Capital Partners is an 8th generation, family-owned, global investment platform, pioneering and actively operating in private markets for over 50 years. Originally serving as the family office for the Bemberg Family, Quilvest today manages over $7 billion in assets for institutional investors internationally across three strategies: (i) buyout, (ii) private equity primaries, co-investments and secondaries, and (iii) private debt.

Media Contact:
Beach Point Capital Management LP
Prosek Partners
Josh Clarkson
[email protected]

 

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SOURCE Beach Point Capital Management