Latham & Watkins Advises Varagon Capital Partners and Ares Capital Management on Financing to Support CapVest Partners’ Acquisition of Second Nature Brands

Funds managed by CapVest Partners LLP, a leading international private equity investor, have closed the acquisition of Second Nature Brands, a Michigan-based creator of premium, nutritional and better for you snacks and treats, including Kar’s Nuts, Second Nature Snacks, and Sanders Chocolates, from a private equity fund affiliated with Palladium Equity Partners, LLC.

Latham & Watkins LLP represented Varagon Capital Partners and Ares Capital Management as lead arrangers, in arranging and funding the debt financing to support the acquisition with a New York team led by partners Jane Summers and David Teh, with associates Maciej Zielnik, Michela Mancini, Brent Begany, and Beste Bozkurt. Advice was also provided on tax matters by partner Jocelyn Noll; and on uniform commercial code matters by partner Larry Safran and counsel Brian Rock.