FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

First Citizens Bank Provides Financing to Proof of the Pudding

February 26, 2025, 08:05 AM
Filed Under: Hospitality
Related: Hospitality

First Citizens Bank announced that its Sponsor Finance group provided financing to Proof of the Pudding, a Bruin Capital portfolio company.

Established in 1979 and headquartered in Atlanta, Georgia, Proof of the Pudding focuses on premium food and beverage services for upscale venues and events. The company serves major sports stadiums, convention centers, and large specialty events, with a significant footprint in the Southeast.

“This financing will help enable us to continue to grow our operational capabilities and will reinforce our position as a leader in the hospitality and event catering industry,” said Adam Noyes, CEO of Proof of the Pudding. “We appreciated the expertise of the First Citizens Sponsor Finance group in arranging this financing package as we advance our business objectives.”

“Proof of the Pudding is well known for its decades of experience in providing top-notch hospitality, service and quality,” said Kenneth Caffrey, a member of the Sponsor Finance team involved in the transaction. “We were pleased to work closely with Bruin Capital and management to understand their needs and provide the financing to support the company’s continued growth.”

First Citizens Sponsor Finance provides senior financing to middle market private equity firms and their portfolio companies across a variety of industries. The bank supports private equity transactions including leveraged buyouts, add-on acquisitions, growth capital and recapitalizations.rstcitizens.com







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.