VMG Partners, a private equity firm that makes bets on consumer and retail brands, hired former Goldman Sachs Group banker Aarti Kapoor to lead a new SPAC, Bloomberg reports, citing people with knowledge of the matter.
The San Francisco-based firm, known for its investments in beverage maker Spindrift, nut-butter specialist Justin’s and KIND snacks, is working with advisers including Credit Suisse and Moelis & Co. on an initial public offering of its first SPAC, the people said. Read more.
