Varagon Capital Partners (Varagon) is serving as administrative agent on a senior secured credit facility to support the acquisition of Comar Packaging (Comar) by investment funds managed by Morgan Stanley Capital Partners (MSCP).
Founded in 1949 and headquartered in Voorhees, New Jersey, Comar is a manufacturer and leading provider of innovative, engineered packaging and dosing solutions for health, wellness and consumer markets.
“We are excited to partner with MSCP in its acquisition of Comar,” says Matthew Cutri, Managing Director at Varagon. The MSCP team is a logical buyer given their expertise in the sector and this transaction extends Varagon’s investment experience in the containers and packaging space. We look forward to supporting MSCP and management in their efforts to continue to grow the business.”
“The Varagon team has delivered a financing structure designed for growth and flexibility,” says Eric Kanter, Managing Director of MSCP. “We value the considerable packaging knowledge and experience they bring to the transaction, and we are pleased to have the opportunity to partner with them again.”
