CapVest’s Acquisition of Second Nature Brands

Willkie Farr & Gallagher advised CapVest on the deal. Latham & Watkins represented Varagon Capital Partners and Ares Capital Management.

CapVest Partners LLP closed the acquisition of Second Nature Brands, a creator of premium, nutritional and better-for-you snacks and treats, from a private equity fund affiliated with Palladium Equity Partners, LLC.

Second Nature is a Michigan-based leader in the fast-growing snacks and treats market. The company’s brands comprise Kar’s Nuts, Second Nature Snacks and Sanders Chocolates.

CapVest Partners is a leading international private equity investor headquartered in London.

The Willkie team was led by partners David Arnold (Picture) and Andrew Gray and included partners Neil Townsend and Thomas Spencer.

Latham & Watkins 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.

Involved fees earner: Brent Begany – Latham & Watkins; Beste Bozkurt Egel-Weiss – Latham & Watkins; Michela Mancini – Latham & Watkins; Jocelyn Noll – Latham & Watkins; Brian Rock – Latham & Watkins; Lawrence Safran – Latham & Watkins; Jane Summers – Latham & Watkins; David Teh – Latham & Watkins; Maciej Zielnik – Latham & Watkins; David Arnold – Willkie Farr & Gallagher; Andrew Gray – Willkie Farr & Gallagher; Thomas Spencer – Willkie Farr & Gallagher; Neil Townsend – Willkie Farr & Gallagher;

Law Firms: Latham & Watkins; Willkie Farr & Gallagher;

Clients: Ares Management Corporation; CapVest; Varagon Capital Partners;