Add-on Acquisition • Food

Johnvince Foods Acquires Genisoy Food Co.

On February 1, 2011, Johnvince Foods acquired food company Genisoy Food Co. from Swander Pace Capital

Acquisition Context
  • This is Johnvince Foods’ 1st transaction in the Food sector.
  • This is Johnvince Foods’ 1st transaction in the United States.
  • This is Johnvince Foods’ 1st transaction in Oklahoma.

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M&A Deal Summary

Date February 1, 2011
Target Genisoy Food Co.
Sector Food
Buyer(s) Johnvince Foods
Sellers(s) Swander Pace Capital
Deal Type Add-on Acquisition

Target Company

Genisoy Food Co.

Tulsa, Oklahoma, United States
Genisoy Food Co., Inc. is a provider of healthy food products with a focus on soy. Genisoy offers high quality, great-tasting, soy-based snacks, protein bars, and powders under the Genisoy and MLO brands.
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Buyer Overview 1

Buyer

Johnvince Foods

Downsview, Ontario, Canada

Category Company
Founded 1975
Sector Retail
DESCRIPTION

Johnvince Foods is a retailer of bulk food products ranging from nuts, dried fruits, beans and peas, chocolates and candies, spices and herbs and so much more. Johnvince Foods was founded in 1975 and is based in Downsview, Ontario.


Deal Context for Buyer #
Overall 1 of 1
Sector: Food 1 of 1
Type: Add-on Acquisition 1 of 1
State: Oklahoma 1 of 1
Country: United States 1 of 1
Year: 2011 1 of 1

Seller Profile 1

SELLER

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 Context for Seller #
Overall 17 of 42
Sector: Food 8 of 22
Type: Add-on Acquisition 8 of 25
State: Oklahoma 2 of 2
Country: United States 16 of 35
Year: 2011 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-06 Good Source Solutions

Carlsbad, California, United States

Good Source Solutions is a specialized food distributor with sophisticated procurement and logistical capabilities, serving a wide spectrum of value-focused end markets through a national network of facilities. Good Source’s products focus on center-of-plate with an offering that includes poultry, meats, pasta, fruits, vegetables, bakery items, beverages, appetizers, sides, and snacks. Good Source Solutions was founded in 1989 and is based in Carlsbad, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 Kooba

Rancho Dominguez, California, United States

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

Sell -