Growth Capital • Manufacturing

Swander Pace Capital Invests In Inovata

On June 27, 2024, private equity firm Swander Pace Capital invested in manufacturer Inovata

Investment Context
  • This is Swander Pace Capital’s 1st transaction in the Manufacturing sector.
  • This is Swander Pace Capital’s 9th transaction in Canada.
  • This is Swander Pace Capital’s 1st transaction in Alberta.

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Investment Summary

Date June 27, 2024
Target Inovata
Sector Manufacturing
Investor(s) Swander Pace Capital
Deal Type Growth Capital

Target Company

Inovata

Edmonton, Alberta, Canada
Inovata Foods is a private-label manufacturer of frozen entrées specializing in a wide variety of global cuisines ranging from Italian to Indian. The company’s production facilities and strong team provide customers with superior service, innovative R&D, professionalism, and competitive pricing models. Inovata Foods was formed in 1989 and is based in Edmonton, Alberta.
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Investor Overview 1

Investor

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 Investor #
Overall 51 of 52
Sector: Manufacturing 1 of 1
Type: Growth Capital 3 of 3
State: Alberta 1 of 1
Country: Canada 9 of 9
Year: 2024 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 Functional Formularies

Wilmington, Ohio, United States

Functional Formularies is a producer of organic, whole food, shelf-stable feeding tube formulas. The Company offers unique, organic, and whole food alternatives to traditional feeding tube formulas. Liquid Hope and Nourish are nutritionally complete, plant-based, and USDA-certified organic. Functional Formularies was founded in 2006 and is based in Wilmington, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-02 Maple Donuts

York, Pennsylvania, United States

Maple Donuts produces frozen bakery products for in-store and foodservice bakery programs across the nation. Maple Donuts was formed in 1946 and is based in York, Pennsylvania.

Buy -