Allied Acquires Old Orchard

Allied Capital has agreed to acquire a majority interest in Old Orchard Brands LLC, a Sparta, Mich.-based maker of ready-to-drink and frozen juice products. Allied's $64.6 million investment included senior notes, senior subordinated notes and a majority of the common equity of the company. Senior company management also provided equity alongside Allied. William Blair advised Old Orchard on the deal. www.oldorchard.com