WM Partners announces agreement to acquire Vega
AVENTURA, Florida, June 17, 2021 / PRNewswire / – WM Partners, a certified private equity firm with diversified holdings focused on investing in mid-market companies and creating value in the health and wellness industry, announced today hui that HPH II Investments Master Fund, LP, together with its feeder funds (“HPH II”), through its wholly-owned entity, has entered into a definitive agreement to acquire Vega (Sequel Naturals, ULC and Vega US, LLC, together “VegaTerms of the transaction were not disclosed and closing of the transaction is subject to customary conditions.
Founded in Burnaby, BC, Canada in 2001, Vega is a pioneer of the plant-based nutrition industry and a leading brand in plant-based protein powder in the United States and Canada. by Véga The main focus is on high quality vegetable protein powders in several categories including daily nutrition, sports nutrition and functional well-being. Its innovative products contain unique combinations of real plant-based food ingredients. The brand has successfully grown beyond its origins in natural channels to become a leading brand in conventional and e-commerce channels.
HPH II focuses on acquiring mid-market businesses with leading brands in the health and wellness industry and growing businesses through an operational strategy of purchasing and value creation. HPS II focuses on the following sub-sectors: Functional Foods, Natural Personal Care and Over-the-Counter Natural Remedies – fast growing, defensive and highly fragmented sub-sectors. The potential acquisition of Vega expected to complement HPH II’s existing brand portfolio in the functional foods sub-sector: Ultima Replenisher, a hydration brand acquired in 2019; Great Lakes, a collagen brand acquired in 2020; Jade leaf, a brand of matcha acquired in 2020; and FGO, a superfood brand, acquired in 2020.
“We are delighted to work with Vega, pioneers and leaders in the plant-based nutrition industry and look forward to implementing our operational playbook to create additional value, ”said Jose minski, co-founder of WM Partners.
“We look forward to partnering with the WM Partners team to build on by Véga existing assets. Their extensive experience in the health and wellness sector and their significant operational capabilities will help accelerate our long-term strategic plans and consolidate the Vega brand as a key player in plant-based nutrition ”, said declared Patrick Brun, President of Vega.
King & Spalding served as legal counsel to WM Partners.
About WM Partners, LP
WM Partners is a mid-sized private equity firm specializing in buyout investments in the health and wellness sector. WM Partners seeks to acquire small and medium enterprises with attractive growth prospects and generate sustainable and long-term value through its operational expertise in the health and wellness sector and its strategic business approach in collaboration with experienced management teams. WM Partners is certified as a mixed capital company by the National Association of Investment Companies. WM Partners is based in Aventura, Florida. More information on WM Partners is available at www.wmplp.com.
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WM Partners, LP
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Phone. : +1 754-260-6507
SOURCE WM Partners