Varagon backs pet brand acquisition

Direct lending specialist Varagon Capital Partners led the debt financing for Alvarez & Marsal Capital Partners’ acquisition of BrightPet Nutrition Group, a premium pet food brand.

Morgan Stanley Private Credit also served as joint lead arranger of the deal along with Varagon, which was also the administrative agent and joint bookrunner on a senior secured credit facility of an undisclosed amount to support the transition.

BrightPet Nutrition Group was founded in 1962 by the Golladay family of Ohio. The company develops and manufactures co-pack, private label and branded premium and super premium pet food . . .

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