M&A Deal Summary

Luigi Lavazza Acquires Kicking Horse Coffee

On May 24, 2017, Luigi Lavazza acquired food company Kicking Horse Coffee from Swander Pace Capital for 215M CAD

Acquisition Highlights
  • This is Luigi Lavazza’s 1st transaction in the Food sector.
  • This is Luigi Lavazza’s largest (disclosed) transaction.
  • This is Luigi Lavazza’s 1st transaction in Canada.
  • This is Luigi Lavazza’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2017-05-24
Target Kicking Horse Coffee
Sector Food
Buyer(s) Luigi Lavazza
Sellers(s) Swander Pace Capital
Deal Type Add-on Acquisition
Deal Value 215M CAD

Target

Kicking Horse Coffee

Invermere, British Columbia, Canada
Kicking Horse Coffee Co. Ltd. is an organic and fair-trade coffee roaster in Canada in the retail channel. Kicking Horse Coffee Co. Ltd. was founded in 1996 and is based in Invermere, Canada.

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Buyer(S) 1

Buyer

Luigi Lavazza

Turin, Italy

Category Company
Founded 1895
Sector Food
DESCRIPTION

Luigi Lavazza S.p.A. is a manufacturer and distributor of coffee and related products. Luigi Lavazza S.p.A. was founded in 1895 and is based in Turin, Italy.


DEAL STATS #
Overall 1 of 3
Sector (Food) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-27 Mars - Drinks Business

McLean, Virginia, United States

Mars, Inc. - Drinks Business includes the Flavia and Klix systems in the Office Coffee Service (OCS) and Vending segments in North America, Germany, the UK, France, Canada, and Japan, including its related systems and its production facilities in the UK and the United States.

Buy -

Seller(S) 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 STATS #
Overall 31 of 42
Sector (Food) 16 of 22
Type (Add-on Acquisition) 19 of 25
State (British Columbia) 1 of 1
Country (Canada) 3 of 7
Year (2017) 1 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Lavo

Montreal, Quebec, Canada

Lavo, Inc. is an independent manufacturer and marketer of laundry and cleaning products in Canada. Lavo distributes and markets under owned brands La Parisienne, Hertel, Springtime, Old Dutch, Arctic Power, and ABC. These brands carry a strong reputation among Canadian consumers, and are sold in grocery stores, pharmacies, mass retailers, and warehouse clubs. Lavo is also a leading private label laundry product supplier, and markets bulk bleach to the industrial sector.

Sell -