M&A Deal Summary

Swander Pace Capital and Triangle Capital Acquire ReNew Life Formulas

On January 1, 2008, private equity firms Swander Pace Capital and Triangle Capital acquired consumer products company ReNew Life Formulas

Acquisition Highlights
  • This is Swander Pace Capital’s 6th and Triangle Capital’s 3rd transaction in the Consumer Products sector.
  • This is Swander Pace Capital’s 22nd and Triangle Capital’s 19th transaction in the United States.
  • This is Swander Pace Capital’s 1st and Triangle Capital’s 2nd transaction in Florida.
Investment Fate
  • ReNew Life Formulas was sold to a publicly-traded strategic buyer in 2016 for 290M USD.

M&A Deal Summary
Date 2008-01-01
Target ReNew Life Formulas
Sector Consumer Products
Buyer(s) Swander Pace Capital
Triangle Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

ReNew Life Formulas

Palm Harbor, Florida, United States
ReNew Life Formulas, Inc. is a natural digestive care company. ReNew Life a major brand in dietary health, with an emphasis on digestive health. Renew Life is the No. 1 brand of probiotics in the natural channel,1 with a steadily growing share in the food, drug, and mass channel.

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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 24 of 51
Sector (Consumer Products) 6 of 16
Type (Buyout (LBO, MBO, MBI)) 16 of 33
State (Florida) 1 of 1
Country (United States) 22 of 41
Year (2008) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-18 Kooba

Rancho Dominguez, California, United States

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 Merrick Pet Care

Amarillo, Texas, United States

Merrick Pet Care, Inc. is a fully integrated manufacturer and marketer of super premium dry and wet pet foods and treats, under the Merrick and Castor & Pollux brands.

Buy -
Buyer

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 19 of 114
Sector (Consumer Products) 3 of 9
Type (Buyout (LBO, MBO, MBI)) 11 of 40
State (Florida) 2 of 12
Country (United States) 19 of 112
Year (2008) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 On Event Services

Norcross, Georgia, United States

On Event Services LLC is specializes in corporate events and exhibitions, supporting more than 1,000 live events annually with production services, including audio, video, lighting, mapping and scenic design.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-11 ESP/SurgeX

Knightdale, North Carolina, United States

ESP/SurgeX is a manufacturer of power filtration and power protection technology for the office technology and mailing equipment industries.

Buy -
Mergr

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