O2 Sponsor Finance, a division of Old Second National Bank provided senior secured credit facilities to support San Francisco Equity Partners ("SFEP") in its majority investment in Formula Corp - a leading formulator and contract manufacturer of cleaning products.

Founded in 1983, Formula Corp is an innovative manufacturer of custom blended cleaning products for both consumer and professional end markets. The company provides an array of turnkey services to its customers, including R&D, formulation, blending, filling, label and packaging development, regulatory services and fulfillment. Formula Corp specializes in the formulation and manufacture of sustainable cleaning products and eco-friendly packaging solutions, in addition to private label brand support for its customers. The company's diverse customer base includes leading national retailers, consumer product brands, professional cleaning brands, and industrial and institutional cleaning companies.

"We are excited to partner with San Francisco Equity Partners and the Formula Corp team for this transaction. Formula Corp is a best-in-class contract manufacturer well positioned to benefit from long-term trends in the sustainable cleaning products space," said Nick O'Brien, Senior Vice President, O2 Sponsor Finance.