VMG Raises $500M Fund III, Closes Three Deals and Agrees to Vega Exit
July 17, 2015
VMG Partners has closed its third flagship fund, VMG Partners III, with $500 million of committed capital. The firm has also announced investments in food companies Health Warrior, Perfect Bar and Vermont Smoke & Cure, along with an agreement to sell its stake in Vega to The WhiteWave Foods Company (NYSE: WWAV) in a $550 million deal. VMG focuses its investments on lower-middle-market companies in its core categories of food, beverage, wellness, pet products, personal care and household products.