M&A Deal Summary

Johnvince Foods Acquires Genisoy Food

On February 1, 2011, Johnvince Foods acquired food company Genisoy Food from Swander Pace Capital

Acquisition Highlights
  • This is Johnvince Foods’ 1st transaction in the Food sector.
  • This is Johnvince Foods’ 1st transaction in the United States.
  • This is Johnvince Foods’ 1st transaction in Oklahoma.

M&A Deal Summary

Date 2011-02-01
Target Genisoy Food
Sector Food
Buyer(s) Johnvince Foods
Sellers(s) Swander Pace Capital
Deal Type Add-on Acquisition

Target

Genisoy Food

Tulsa, Oklahoma, United States
website
Genisoy Food Co., Inc. is a provider of healthy food products with a focus on soy. Genisoy offers high quality, great-tasting, soy-based snacks, protein bars, and powders under the Genisoy and MLO brands.

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Buyer(S) 1

Buyer

Johnvince Foods

Downsview, Ontario, Canada

website


Category Company
Founded 1975
Sector Retail
DESCRIPTION

Johnvince Foods is a retailer of bulk food products ranging from nuts, dried fruits, beans and peas, chocolates and candies, spices and herbs and so much more. Johnvince Foods was founded in 1975 and is based in Downsview, Ontario.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.


DEAL STATS #
Overall 17 of 39
Sector (Food) 8 of 20
Type (Add-on Acquisition) 8 of 24
State (Oklahoma) 2 of 2
Country (United States) 16 of 32
Year (2011) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-06 Good Source Solutions

Carlsbad, California, United States

Good Source Solutions, Inc. is a specialized food distributor with sophisticated procurement and logistical capabilities, serving a wide spectrum of value-focused end markets through a national network of facilities. Good Source’s products focus on center-of-plate with an offering that includes poultry, meats, pasta, fruits, vegetables, bakery items, beverages, appetizers, sides, and snacks. Good Source Solutions was founded in 1989 and is based in Carlsbad, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 Kooba

Rancho Dominguez, California, United States

Kooba LLC is a premium contemporary designer of women’s luxury handbags and accessories.

Sell -