Varagon backs NEP’s buyout of Red Monkey Foods

Varagon Capital Partners has provided a senior secured credit facility to support Norwest Equity Partners' acquisition of Red Monkey Foods.

Varagon Capital Partners has provided a senior secured credit facility to support Norwest Equity Partners’ acquisition of Red Monkey Foods. No financial terms were disclosed. Red Monkey Foods is a provider of organic, private label spices and seasonings, as well as branded salts sold through grocery, mass, specialty retailers, and e-commerce channels.

PRESS RELEASE

New York, NY – Varagon Capital Partners (Varagon) today announced it is serving as Administrative Agent, Lead Arranger and Bookrunner on a senior secured credit facility to support the acquisition of Red Monkey Foods (Red Monkey) by Norwest Equity Partners (NEP).

Red Monkey Foods is a leading provider of premium organic, private label spices and seasonings, as well as branded salts sold through grocery, mass, specialty retailers, and e-commerce channels. Operating out of three state-of-the-art facilities in Springfield, Missouri, Red Monkey is USDA organic, SQF-III, and Kosher certified with Gluten Free and Non-GMO capabilities by one of the nation’s most stringent certification boards. The company has had a growing impact on its community by significantly increasing employment opportunities in Southwest Missouri. The company’s unique approach to gourmet store brand management is enabled by a global organic supply chain, strong product development capabilities and data-driven category management expertise.

About Varagon Capital Partners
Varagon Capital Partners is an asset manager focused on direct lending to middle market companies. Varagon invests across the capital structure and offers flexible financing solutions to meet the needs of borrowers and private equity sponsors. Varagon manages funds and accounts on behalf of institutional investors that seek exposure to high-quality, directly-originated middle market loans. Since its founding in 2014, Varagon has made over $15.5 billion of financing commitments to over 185 companies.

For more information about Varagon, visit www.varagon.com.