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CIT Northbridge Provides $65MM to Family Care Company Hello Bello

April 29, 2022, 07:30 AM
Filed Under: Manufacturing

CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $65 million credit facility for Hello Bello, a manufacturer and marketer of baby, child and adult care products.
"This financing will provide additional support as we continue to grow our market share by delivering affordable, high-quality essentials to more families," said Jennifer Pullen, co-founder of Hello Bello. "We appreciate CIT Northbridge's professionalism and expertise throughout the financing process."

Launched in 2019 by co-founders Kristen Bell and Dax Shepard, Hello Bello is a parenting platform providing premium and affordable products designed to eliminate the choice many parents have to make between what's best for their family or best for their budget. Hello Bello's products are all carefully crafted with children, parents and the planet in mind, and available at with bundling and subscription options, as well as at retailers including Walmart and Target nationwide.

"Hello Bello's cost-effective pricing helps bring premium, environmentally friendly products into the homes of everyday consumers," said Neal Legan, who leads CIT Northbridge. "We're pleased to provide this financing to support Hello Bello as they continue to deliver on their mission."

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