Now Reading: Latham & Watkins Advises Palladin in Sale of KT Tape to Bridges Consumer Healthcare
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Latham & Watkins Advises Palladin in Sale of KT Tape to Bridges Consumer Healthcare
Latham & Watkins Advises Palladin in Sale of KT Tape to Bridges Consumer Healthcare
Multidisciplinary team represents the kinesiology tape brand and its owner in its purchase by the consumer healthcare platform.
Bridges Consumer Healthcare LLC (Bridges or the Company), a consumer healthcare platform made up of nine over-the-counter (OTC) and personal care brands founded by Charlesbank Capital Partners, has announced the acquisition of KT® Tape (KT), the leading kinesiology tape brand designed to provide drug-free pain relief and support for muscles, tendons, and ligaments, from Palladin Consumer Retail Partners (Palladin), a Boston-based private investment firm. The strategic move diversifies and strengthens Bridges’ portfolio of specialty OTC brands, increasing the Company’s scale and positioning Bridges for accelerated organic growth and further add-on opportunities. Terms of the transaction were not disclosed.
Latham & Watkins LLP represents Palladin and KT in the transaction with a corporate deal team led by Boston/New York partner Kristen Grannis and Boston counsel Gloria Ring, with associates Michael Casagrande and Jihoo Kim. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan-Jackson, with associate Jeremiah Cowen; on benefits matters by New York partner Austin Ozawa, with associate Dana Yeliseyev; on intellectual property matters by Boston partner Sarah Gagan, with associate Matthew Snyder; on data privacy matters by Houston/Austin counsel Robert Brown, with associate Kiara Vaughn; and on FDA regulatory matters by Washington, D.C. counsel Chad Jennings.
