VMG Consumer Acquisition, a blank check company formed by VMG Partners targeting consumer and retail businesses, raised $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
The company is led by CEO and Director Aarti Kapoor, a former senior investment banker at Goldman Sachs, and Chairman Michael Mauzé, a co-founder of VMG Partners, an investment firm focused on emerging consumer businesses. The company plans to target market-leading, high-growth branded consumer and retail companies across a range of industry verticals, including food & beverage and health & wellness, among others.
VMG Consumer Acquisition plans to list on the Nasdaq under the symbol VMGAU. Credit Suisse and Moelis & Company acted as joint bookrunners on the deal.
