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Announced

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Vestar Capital Partners completed the investment in Dr. Praeger's Sensible Foods.

Synopsis

Vestar Capital Partners, a US middle-market private equity firm, completed the investment in Dr. Praeger's Sensible Foods, a fast-growing brand specializing in plant-based frozen and refrigerated foods made from simple ingredients. Financial terms were not disclosed. "The US better-for-you market has never been stronger, and we are excited to partner with a company that has been at the forefront of this trend and knows the market intimately. Larry and Adam have done a tremendous job building the company and developing new products that speak to today's consumers – flexitarians, vegetarians, vegans and those who seek a healthier lifestyle. We look forward to partnering with the Praeger and Somberg families as well as the senior management team to strategically accelerate growth," Winston Song, Vestar Managing Director and Co-Head of Consumer.

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