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  6. Swander Pace Capital Acquires Summ!

M&A Deal Summary

Swander Pace Capital Acquires Summ!

On September 13, 2018, private equity firm Swander Pace Capital acquired food company Summ!

Acquisition Highlights
  • This is Swander Pace Capital’s 20th transaction in the Food sector.
  • This is Swander Pace Capital’s 6th transaction in Canada.
  • This is Swander Pace Capital’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2018-09-13
Target Summ!
Sector Food
Buyer(s) Swander Pace Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Summ!

Richmond, British Columbia, Canada
Summ! is a developer, manufacturer and distributor specializing in authentic hand-rolled spring rolls, gyoza, potstickers, wontons, and other Asian cuisine products to club, retail, and foodservice channels. Summ! was founded in 1986 and is based in Richmond, British Columbia.

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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 41 of 52
Sector: Food M&A 20 of 27
Type: Buyout (LBO, MBO, MBI) M&A Deals 25 of 34
State: British Columbia M&A 2 of 2
Country: Canada M&A 6 of 9
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 Recochem

Montreal, Quebec, Canada

Recochem is a producer, contract packager and wholesale distributor of household and transportation fluids. The Company’s product portfolio spans branded, private label and bulk offerings and includes coolant, windshield wash fluid, diesel exhaust fluid and a broad range of household fluids and industrial chemicals. Recochem was founded in 1951 and is based in Montreal, Quebec.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 Backerhaus Veit

Mississauga, Ontario, Canada

Backerhaus Veit is a producer of artisan, European-style breads, rolls, buns, and soft pretzel products for top-tier retail and foodservice customers across North America. Backerhaus Veit was founded in 1987 and is based in Mississauga, Ontario.

Buy -
Mergr

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