In 1975, Paul Merage, Chairman of MIG Capital, established Chef America, a consumer frozen food manufacturing company best known for its now iconic products Hot Pockets and Lean Pockets. Paul had to get a second and third mortgage on his house and borrow from his parents to start the new company along with his younger brother David. In time, Chef America became one of the largest and most profitable privately held food companies in the US. The company was sold in 2002 to Nestle for $2.6 billion.
After the sale, the family felt it could bring significant added value to alternative investments based on the family’s four decades of successful experience in building and operating businesses, and three generations of investing in real estate.
In 2002, Paul, Richard and Greg Merage established MIG Capital as a “wholly owned" institutional investment platform with its affiliates MIG Absolute Return, MIG Real Estate and MIG Private Equity. MIG's world-class teams of experts in each asset class have achieved top tier performance.
MIG operates on the core tenets of integrity, disciplined investing and strong due diligence executed by a team of highly trained experts who are focused on value creation and capital preservation over the long-term.
MIG prides itself on integrity. It avoids conflicts of interest and its culture is focused on long-term sustainable growth. Substantial investment of the family’s own capital in all MIG assets assures alignment of interest with all investors.
However, the scrupulous and patient methodology of the firm does not inhibit MIG from seizing opportunities when they arise. Unencumbered by bureaucracy and bolstered by its discretionary capital, MIG can act quickly and nimbly, confident in its deliberate and analytical process leading up to the decision.
MIG’s investment process is highly analytical, based on extensive research and due diligence carried out by teams of experienced professionals.
DISCLAIMER Nothing contained herein is intended to or shall constitute an offer for the sale of securities or any investment products or vehicles, either in MIG Capital or any of its affiliated entities.