Nexus Capital to Sell Navitas to Laird Superfood

Paul, Weiss is advising Nexus Capital Management LP on the sale of leading premium food brand Navitas LLC to Laird Superfood, Inc., and on Nexus’s related investment in Laird. Under the terms of the agreements, Laird will acquire Navitas for $38.5 million in cash, funded via the private placement of $50 million of Series A convertible preferred stock to Nexus affiliates. Both transactions are expected to close in the first quarter of 2026, subject to customary closing conditions.

The Paul, Weiss team includes corporate partners Bianca Levin-Soler, Timothy Cruickshank and James Langston.