M&A Deal Summary

Swander Pace Capital and Sherbrooke Capital Partners Acquire Oregon Chai

On June 1, 2002, private equity firm Swander Pace Capital and growth capital firm Sherbrooke Capital Partners acquired beverage company Oregon Chai

Acquisition Highlights
  • This is Swander Pace Capital’s 1st and Sherbrooke Capital Partners’ 1st transaction in the Beverages sector.
  • This is Swander Pace Capital’s 8th and Sherbrooke Capital Partners’ 4th transaction in the United States.
  • This is Swander Pace Capital’s 1st and Sherbrooke Capital Partners’ 1st transaction in Oregon.
Investment Fate
  • Oregon Chai was sold to a publicly-traded strategic buyer in 2004 for 96M USD.

M&A Deal Summary

Date 2002-06-01
Target Oregon Chai
Sector Beverages
Buyer(s) Swander Pace Capital
Sherbrooke Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Oregon Chai

Portland, Oregon, United States
Oregon Chai, Inc. is a provider of national brand of chai (specialty spiced tea) beverages. Oregon Chai distributes its liquid concentrate, dry powder mix, and ready-to-drink bottled products primarily through natural food distributors, retail grocery stores, and foodservice distributors.

Search 199,634 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B 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 8 of 51
Sector (Beverages) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 33
State (Oregon) 1 of 2
Country (United States) 8 of 41
Year (2002) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-01 Reef Holdings

San Diego, California, United States

Reef Holdings Corp. is a manufacturer of footwear. Reef leverages its brand image among its core consumers to expand its presence in shoes and apparel, both in the U.S. and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-01 SCN BestCo

Santa Cruz, California, United States

SCN BestCo is a manufacturer of gummy based nutritional products and dietary supplements for consumers of all ages. Santa Cruz Nutritionals develops proprietary formulations and a unique manufacturing process that deliver active ingredients through great tasting, high quality chewable products. SCN BestCo was founded in 1968 and is based in Santa Cruz, California.

Buy -
DESCRIPTION

Sherbrooke Capital Partners is a private equity firm focused on growth oriented investments in consumer companies. The Firm looks to invest up to $10 million in companies generating $5 to $25 million in revenue. Specific areas of interest include food, beverages, nutrition/wellness, personal care, household products, animal care, green living, education, and e-commerce. Sherbrooke Capital Partners was formed in 1999 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 4 of 15
Sector (Beverages) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (Oregon) 1 of 1
Country (United States) 4 of 15
Year (2002) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-03-20 Advanced BioNutrition

Columbia, Maryland, United States

Advanced BioNutrition is a technology provider that is focused on offering environmentally sustainable and science-based technology solutions to a variety of industries, including human and animal nutrition and health, and agriculture. ABN’s team of scientists, biologists, engineers, and researchers specializes in solving problems related to protecting, stabilizing, and delivering active ingredients into or through food, feed, seed or industrial products. Advanced BioNutrition was founded in 2001 and is based in Columbia, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 TransMedics

Andover, Massachusetts, United States

TransMedics is a medical device company that develops a novel device for preserving human organs during transport from organ donor to recipient. TransMedics was founded in 1998 and is based in Andover, Massachusetts.

Buy -