M&A Deal Summary

Swander Pace Capital Acquires Mighty Spark

On May 25, 2021, private equity firm Swander Pace Capital acquired food company Mighty Spark

Acquisition Highlights
  • This is Swander Pace Capital’s 25th transaction in the Food sector.
  • This is Swander Pace Capital’s 38th transaction in the United States.
  • This is Swander Pace Capital’s 2nd transaction in Minnesota.

M&A Deal Summary
Date 2021-05-25
Target Mighty Spark
Sector Food
Buyer(s) Swander Pace Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Mighty Spark

Minneapolis, Minnesota, United States
Mighty Spark is an all-natural protein brand that delivers exciting flavors and convenient packaging to make meals healthy and easy to prepare. Mighty Spark has donated more than 10 million meals to date and is working every day to impact food insecurity. Through the simple act of purchasing a package of Mighty Spark’s protein patties or grinds, or three snack sticks, our consumers are donating a meal to someone in need. Mighty Spark is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

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 46 of 51
Sector (Food) 25 of 26
Type (Buyout (LBO, MBO, MBI)) 30 of 33
State (Minnesota) 2 of 2
Country (United States) 38 of 41
Year (2021) 1 of 4
PREVIOUS DEAL
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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 T-Bev

Eugene, Oregon, United States

T-Bev is a manufacturer and distributor of tea extracts, instant tea, natural and organic caffeine, and other botanical extracts catering to the functional beverage and dietary supplement markets. T-Bev was founded in 2015 and is based in Eugene, Oregon.

Buy -
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