On November 2, 2022, Bonaccord Capital Partners announced an investment in VMG Partners.
Under the terms of the agreement, Bonaccord Capital Partners (“Bonaccord”) has acquired a passive minority equity interest in VMG Partners (“VMG”). The investment will not impact day-to-day management at VMG. Financial terms were not disclosed.
Bonaccord, based in New York City is private equity firm focused on the middle market.
VMG, based in San Francisco is an asset management firm specializing in the growth and strategic development of consumer product and technology companies. VMG had approximately $2.6bn in assets under management as of May, 2021. Houlihan Lokey, Inc. provided financial advice to VMG on the transaction.
To read the the press release: please click here.