SAN FRANCISCO, Jan. 6, 2016 /PRNewswire/ -- VMG Partners, a private equity firm that specializes in investing in and building branded consumer product companies in the lower middle market, today announced the promotion of Wayne K. Wu to Managing Director.
"Since joining VMG in 2008, Wayne has assumed increasing responsibilities and made consistent and significant contributions as we have built the firm and grown our consumer focused brands," said Michael L. Mauze, Managing Director of VMG. "His strong investment and management expertise has led to significant value creation for our investors, and we are particularly pleased to strengthen our senior management team from the strong talent pool within the firm."
Kara Cissell-Roell, Managing Director of VMG, added, "Wayne has demonstrated his leadership abilities across a number of VMG investments, most recently leading VMG's current investments in Justin's, Perfect Bar, and babyganics. Wayne works extremely well within VMG's culture and we are very pleased to recognize his hard work and dedication with this promotion and look forward to his ongoing contributions in this expanded role."
Mr. Wu joined VMG in 2008 as an Associate with diverse experience in transactions, operations, and accounting. He was promoted to Vice President in 2010, and named Principal in 2013. Prior to joining VMG, he was CFO and Vice President of Corporate Development for Thomason Autogroup, and previously served with RBC Capital Markets and Deloitte & Touche LLP. Mr. Wu currently serves on the Board of Directors of babyganics, the pioneering lifestyle brand of safe and effective household and personal care products for families with babies and children; Justin's, maker of healthy, artisanal nut butter, and; Perfect Bar refrigerated whole food nutrition bars. He previously served on the Board of Mighty Leaf Tea which was sold in 2014. He received his B.S.C. from the Leavey School of Business at Santa Clara University and is a licensed CPA in the State of California.
About VMG Partners
VMG Partners is focused solely on partnering with entrepreneurs and managers to support the growth and strategic development of branded consumer products companies in the lower middle market. Since its inception in 2005, VMG has provided financial resources and strategic guidance to drive growth and value creation in more than 20 companies. VMG's defined set of target categories includes food, beverage, wellness, pet products, personal care, and household products brands. Representative past and present partner companies include KIND Healthy Snacks, Pretzel Crisps, Pirate's Booty, Waggin' Train, Natural Balance, Vega, babyganics, Solid Gold and Justin's. VMG Partners is headquartered in San Francisco and Los Angeles. For more information about the fund please visit www.vmgpartners.com.
Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
SOURCE VMG Partners