Latham & Watkins Advises Palladin in Sale of KT Tape to Bridges Consumer Healthcare

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.