Buyout (LBO, MBO, MBI) • Food

Swander Pace Capital Acquires Voortman

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

Acquisition Context

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 was sold to a publicly-traded strategic buyer in 2019 for 425M CAD.
Voortman was divested to a consortium of strategic buyers in 2024.

Explore All 969 Buyout (LBO, MBO, MBI) Food Deals - Search the Database Free

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

Target Company

Voortman

Burlington, Ontario, Canada

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

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Buyer Overview 1

Buyer

Swander Pace Capital

San Francisco, California, United States

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 Context for Buyer	#
Overall	36 of 52
Sector: Food	18 of 27
Type: Buyout (LBO, MBO, MBI)	23 of 34
State: Ontario	2 of 3
Country: Canada	5 of 9
Year: 2015	1 of 2

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-09-21	Gilchrist & Soames Indianapolis, Indiana, United States Gilchrist & Soames is a provider of branded luxury personal care products to the hospitality market. Gilchrist & Soames is based in Indianapolis, Indiana.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2015-09-21

Gilchrist & Soames

Indianapolis, Indiana, United States

Gilchrist & Soames is a provider of branded luxury personal care products to the hospitality market. Gilchrist & Soames is based in Indianapolis, Indiana.

Sell

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2015-12-14	Captek Softgel International Cerritos, California, United States Captek Softgel International is a manufacturer and distributor of specialty softgel formulations in the nutraceutical sector to the US and global markets. Captek Softgel International was founded in 1996 and is based in Cerritos, California.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2015-12-14

Captek Softgel International

Cerritos, California, United States

Captek Softgel International is a manufacturer and distributor of specialty softgel formulations in the nutraceutical sector to the US and global markets. Captek Softgel International was founded in 1996 and is based in Cerritos, California.

Buy

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Food M&A - Buyout (LBO, MBO, MBI) M&A Deals - Ontario M&A - Canada M&A - 2015 M&A