Varagon Capital Partners 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.