M&A Deal Summary

Swander Pace Capital Acquires Voortman Cookies

On October 14, 2015, private equity firm Swander Pace Capital acquired food company Voortman Cookies

Acquisition Highlights
  • This is Swander Pace Capital’s 18th transaction in the Food sector.
  • This is Swander Pace Capital’s 5th transaction in Canada.
  • This is Swander Pace Capital’s 2nd transaction in Ontario.
Investment Fate
  • Voortman Cookies was sold to a publicly-traded strategic buyer in 2019 for 425M CAD.

M&A Deal Summary
Date 2015-10-14
Target Voortman Cookies
Sector Food
Buyer(s) Swander Pace Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Deloitte (Financial)
McCarter Grespan Beynon Weir PC (Legal)

Target

Voortman Cookies

Burlington, Ontario, Canada
website
Voortman Cookies Ltd. is a manufacturer of cookies and wafers sold under the Voortman brand. Voortman offers quality cookies, using the finest, hand-selected ingredients. Voortman Cookies Ltd. was founded in 1951 and is based in Burlington, Ontario.

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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 36 of 48
Sector (Food) 18 of 24
Type (Buyout (LBO, MBO, MBI)) 23 of 32
State (Ontario) 2 of 3
Country (Canada) 5 of 7
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-21 Gilchrist & Soames

Indianapolis, Indiana, United States

Gilchrist & Soames, Inc. is a provider of branded luxury personal care products to the hospitality market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-14 Captek

Cerritos, California, United States

Captek is a manufacturer and distributor of specialty softgel formulations in the nutraceutical sector to the US and global markets.

Buy -
Mergr

Product

Company

Legal