A team of Nelson Mullins Riley & Scarborough LLP attorneys represented Azalea Capital, a private equity firm headquartered in Greenville, South Carolina, in its acquisition of The Virginia Food Group. The team was led by partners Brittany McIntosh, John Jennings, and Maurice Holloway.
The Virginia Food Group, based in Wakefield, Virginia, owns Virginia Diner, FERIDIES, The Peanut Shop of Williamsburg, and Red Rocker Candy. Each company manufactures, markets, and distributes premium Virginia peanuts and snack mixes through each company’s own websites and retail stores as well as leading retailers throughout the United States and Canada.
To complete this transaction, Azalea Capital partnered with NewSpring Capital, Farragut Capital Partners, and Salem Investment Partners, which contributed subordinated debt and equity co-investment alongside Azalea Capital, Gordon River Partners, and Promise Holdings. The transaction was also supported by Atlantic Union Bank, which provided senior debt.
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