SAN FRANCISCO, Feb. 28, 2013 /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 Principal.
"As we continue to grow and build our firm we are pleased to strengthen the management team by promoting from within our existing group of talented professionals," said Michael L. Mauzé, a Managing Director of VMG. "Since Wayne joined the firm he has been closely involved with a breadth of transactions across industries and played a leading role in our most recent investment in BabyGanics. He has worked closely with the management teams of our portfolio companies to build stronger and more enduring businesses and also served as a mentor to his colleagues. We are pleased with his progress within our organization and recognize his contributions with this promotion."
Mr. Wu joined VMG in 2008 as an Associate with diverse experience in transactions, operations, and accounting. Since then, he has worked on transactions across the firm's investment focus, including in the food, beverage, pet and household products, lifestyle, and personal care sectors. He was promoted to Vice President in 2010. As is typical for senior members of the firm, he is involved in originating new investment opportunities, due diligence on new business opportunities, structuring transactions, and working with partner companies. Prior to joining VMG, he was CFO and Vice President of Corporate Development for Thomason Autogroup. He also was an investment banker with RBC Capital Markets, and he began his career as an associate at Deloitte & Touche LLP. Mr. Wu currently serves on the Board of Directors of Mighty Leaf Tea, Speck Products, and BabyGanics, the pioneering lifestyle brand of safe and effective household and personal care products for families with babies and children. 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 an investor in branded consumer products companies in the lower middle market. Since its inception in 2005, VMG has participated meaningfully in the better-for-you food and beverage sector with investments in Snack Factory Pretzel Crisps®, sold to Snyder's Lance in 2012, KIND Healthy Snacks, Pirate Brands Pirate's Booty, Mighty Leaf Tea, Sequel Naturals Vega® and Kernel Season's. Other investments within VMG's portfolio include Waggin' Train Pet Treats, sold to Nestle Purina PetCare Company in 2010, Natural Balance Pet Food, BabyGanics, Speck Products, Timbuk2, SkinMedica, sold to Allergan in 2012, and PLV Studio. VMG's defined set of target industries includes food, beverage, wellness, pet and household products, personal care and lifestyle brands. VMG Partners is headquartered in San Francisco and in Los Angeles. For more information about the fund please visit www.vmgpartners.com.
Chris Tofalli Public Relations, LLC
SOURCE VMG Partners