Varagon Capital Partners (Varagon) is serving as Administrative Agent, Lead Arranger and Bookrunner on a senior secured credit facility to support the acquisition of Zavation Medical Products (Zavation or the Company) by Gemspring Capital (Gemspring).
Based in Flowood, MS, Zavation designs, engineers, and manufactures a portfolio of spinal hardware and biologics covering key areas including cervical, thoracolumbar, interbody fusion, interventional spine, and minimally invasive surgery. Founded in 2012, Zavation has experienced exceptional growth and created a national network of 300-plus distributors across 40-plus states.
The Company has commercializsd over 15 product families since inception, with a robust product development pipeline and numerous products expected to launch in the next year. Zavation operates a 35,000 square foot vertically integrated facility in Flowood, MS and a 12,500 square foot facility in Tampa, FL.
