M&A Deal Summary |
|
|---|---|
| Date | 2019-12-02 |
| Target | Voortman |
| Sector | Food |
| Buyer(s) | Hostess Brands |
| Sellers(s) | Swander Pace Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 425M CAD |
| Advisor(s) | Houlihan Lokey (Financial) Stikeman Elliott (Legal) |
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| Category | Company |
|---|---|
| Founded | 1919 |
| Sector | Food |
| Employees | 2,800 |
| Revenue | 1.4B USD (2022) |
Hostess Brands is a packaged food company focused on developing, manufacturing, marketing, selling and distributing fresh sweet baked goods in the United States. Hostess Brands was founded in 1919 and is based in Lenexa, Kansas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector (Food) | 3 of 3 |
| Type (Add-on Acquisition) | 2 of 2 |
| State (Ontario) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2019) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-01 |
Superior Cake Products
Southbridge, Massachusetts, United States Superior Cake Products, Inc. is a provider of delicious sweet baked goods sold through in-store bakeries at retailers nationwide. Superior has been baking quality products for more than a century, producing a range of sweet goods including Éclairs, Madeleines, Brownie Bites®, Black and White Cookies and other offerings made under the “Superior on Main®” brand name. |
Sell | $65M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-10-22 |
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. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 1.8B USD |
| Size | Large |
| Type | Sector Focused |
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 42 |
| Sector (Food) | 19 of 22 |
| Type (Add-on Acquisition) | 22 of 25 |
| State (Ontario) | 2 of 3 |
| Country (Canada) | 6 of 7 |
| Year (2019) | 2 of 2 |
| Size (of disclosed) | 4 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-21 |
Passport Foods
Ontario, California, United States Passport Foods is a manufacturer and distributor of internationally-flavored foods to foodservice and retail channels in North America. Today Passport offers over 125 product SKUs across a comprehensive range of authentic, boldly-flavored product categories to food retailers and restaurants around the country. Headquartered in Southern California, Passport Foods has over 170 employees and was founded in 1978. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-21 |
Clarion Brands
Trevose, Pennsylvania, United States Formed in 2014, Clarion Brands markets a portfolio of niche over-the-counter brands, Lipo-Flavonoid, Florajen, Certain Dri, Cystex, Albolene, and Anti-Monkey Butt. throughout the U.S. and Canada. |
Sell | - |
