Clearspring Capital completed the acquisition of a major stake in Regal Confections.

Clearspring Capital Partners, a private equity firm, completed the acquisition of a major stake in Regal Confections, a distributor of candies and confectionery products. Financial terms were not disclosed. "Numerous growth opportunities lie ahead for Regal Confections. Clearspring is proud to partner with CEO Hani Basile and his team. We look forward to investing in people and in infrastructure to strengthen the portfolio of products and brands, and bolstering Regal's national leadership as an independent value-added distributor in the candy, chocolate and gourmet foods segments," Milap Choksey, Clearspring Capital Principal.