Azalea Capital Acquires Virginia Food Group

November 18, 2024

Azalea Capital has acquired Virginia Food Group (VFG), owner of brands including Virginia Diner, Feridies, The Peanut Shop of Williamsburg, and Red Rocker Candy. Farragut Capital Partners provided senior subordinated debt and equity alongside NewSpring Capital and Salem Investment Partners to support the acquisition, with Atlantic Union Bank providing senior debt financing.

Buyers
Azalea Capital, Farragut Capital Partners, NewSpring, Salem Investment Partners
Targets
Virginia Food Group, LLC
Industry
Food & Beverage
Location
Virginia, United States
Transaction Type
Buyout

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