M&A Deal Summary

Swander Pace Capital Acquires Nonni s

On July 7, 1998, private equity firm Swander Pace Capital acquired food company Nonni s from Silverado Foods for 32M USD

Acquisition Highlights
  • This is Swander Pace Capital’s 1st transaction in the Food sector.
  • This is Swander Pace Capital’s largest (disclosed) transaction.
  • This is Swander Pace Capital’s 1st transaction in the United States.
  • This is Swander Pace Capital’s 1st transaction in Oklahoma.
Investment Fate
  • Nonni s was sold to a consortium of financial buyers in 2004.
  • Nonni s was sold to a strategic buyer in 2008 for 320M USD.
  • Nonni s was divested to a consortium of buyers in 2011.
  • Nonni s was sold to a consortium of financial buyers in 2017.

M&A Deal Summary
Date 1998-07-07
Target Nonni s
Sector Food
Buyer(s) Swander Pace Capital
Sellers(s) Silverado Foods
Deal Type Divestiture
Deal Value 32M USD

Target

Nonni s

Tulsa, Oklahoma, United States
website
Nonni's is a manufacturer and marketer of artisanal cookies and other premium baked snacks. Nonni’s premium products are synonymous with artisanal, authentic, and Italian-inspired. Products are marketed under the Nonni’s, THINaddictives, and La Dolce Vita brand names, and sold through a diverse distribution platform that includes major customers in club, grocery, mass market, foodservice, and online retailing. Nonni's is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

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 1 of 48
Sector (Food) 1 of 24
Type (Divestiture) 1 of 4
State (Oklahoma) 1 of 2
Country (United States) 1 of 40
Year (1998) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-21 Switch Manufacturing

San Francisco, California, United States

Switch Manufacturing, Inc. is a provider in the design, manufacture, and marketing of step-in snowboard bindings. Switch Manufacturing markets two products, the Autolock step-in binding, and a line of high performance Flexible boots designed to be compatible with the Autolock binding.

Sell -

Seller(S) 1

SELLER

Silverado Foods

Tulsa, Oklahoma, United States
Category Company
Founded 1990
Sector Food
Employees487
DESCRIPTION

Silverado Foods, Inc. is a manufacturer and marketer of various lines of branded specialty baked goods.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (1998) 1 of 1
Size (of disclosed) 1 of 1
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