Cibo Vita, an award-winning company at the forefront of the smart snacking movement, has announced that Citation Capital, LLC, a next generation private equity firm specializing in founder and family-led businesses, will acquire a majority interest in its company. Citation will become Cibo Vita's first outside shareholder. Cibo Vita's co-founders Emre Imamoglu (CEO) and Ahmet Celik (President) will continue to hold a significant ownership interest.
Latham & Watkins LLP represented the financing sources in the transaction with a team led by partners Stelios Saffos, Nicole Fanjul, Pamela Kellet, Brittany Ruiz, Corey Wright, and Lisa Collier, with associates Victor Ludwig, Ana A. Núñez Cárdenas, Kirby Swartz, and José Francisco Pío López Vilá. Advice was also provided on environmental matters by partner Joshua Marnitz; on tax matters by partner Bora Bozkurt, with associate Sam Yang; on ERISA matters by partner Bradd Williamson and counsel Rifka Singer; on data privacy matters by associate Kiara Vaughn; on intellectual property matters by partner Michelle Gross, with associate Julian Savelski; and on FCPA matters by counsel Chad Jennings.