November 30, 2023
Los Angeles, CA (November 2023) – Avante Capital Partners, a majority women and minority-owned private credit and structured equity firm, is pleased to announce the completion of a first lien debt investment in CCI Prime, LLC (“CCI Prime”). The debt investment will support an acquisition led by Frontenac XII Private Capital, LP, a fund managed by Frontenac Company (“Frontenac”), a private equity firm with a focus on the consumer, industrial, and services sectors, and in partnership with Promise Holdings, LLC (“Promise”), a minority and women-owned private holding & investment company that invests in, and operates, early and late stage businesses in three primary Consumer industry sectors: food, fashion & beauty, and leisure.
Established the late 1980s, CCI Prime is a manufacturer and importer of premium frozen Asian food products focused on Cantonese flavors. Its product offerings encompass a wide range of authentic Asian dishes, including dumplings, bao buns, Chinese sausage, soup dumplings, and more.
Betsy Williamson, Managing Director at Frontenac, added, “The Asian food industry is growing, and CCI Prime is well-positioned to capitalize on this trend. We are excited to partner with Avante and Fidelity as we work collectively to grow CCI Prime and to deliver quality frozen Asian food products to consumers.”
“We are thrilled to partner with Frontenac, Fidelity, and Avante, and strive to take CCI Prime to new heights,” said Gordon Liao, Partner at Promise Holdings. “With Avante’s support, we are confident that CCI Prime will continue to provide high quality, authentic Asian cuisine, but to a broader audience.”
“Avante is proud to participate alongside Frontenac, Promise, and Fidelity in this tremendous milestone for CCI Prime,” said Sylvester Burley, Partner at Avante Capital Partners. “We are excited to support CCI Prime as it expands its presence in the frozen Asian food market. We look forward to the journey ahead, utilizing our collective industry expertise and leverage CCI Prime’s dedicated and knowledgeable team.”
About Avante
Avante Capital Partners is a majority-owned women- and minority-owned private credit and structured equity fund headquartered in Los Angeles. Avante invests in the form of senior/1L debt, unitranche debt, mezzanine debt and minority equity in high-quality, lower middle market businesses generating at least $3 million in cash flow.