M&A Deal Summary

TPG Acquires SmartSweets

On October 27, 2020, private equity firm TPG acquired food company SmartSweets

Acquisition Highlights
  • This is TPG’s 7th transaction in the Food sector.
  • This is TPG’s 7th transaction in Canada.
  • This is TPG’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2020-10-27
Target SmartSweets
Sector Food
Buyer(s) TPG
Deal Type Buyout (LBO, MBO, MBI)

Target

SmartSweets

Vancouver, British Columbia, Canada
SmartSweets is an operator of a better-for-you candy brands. SmartSweets provides a wide variety of candies ow-sugar Gummy Bears, Peach Rings, Sour Blast Buddies, and newly launched Gummy Worms. SmartSweets was founded in 2016 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 378 of 451
Sector: Food M&A 7 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 45 of 53
State: British Columbia M&A 1 of 1
Country: Canada M&A 7 of 7
Year: 2020 M&A 15 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-21 McAfee

San Jose, California, United States

McAfee delivers proactive and proven security solutions and services that help secure systems and networks around the world, McAfee protects consumers and businesses of all sizes from the latest malware and emerging online threats. McAfee's solutions are designed to work together, integrating anti-malware, antispyware, and antivirus software with security management features that deliver unsurpassed real-time visibility and analytics, reduce risk, ensure compliance, improve Internet security, and help businesses achieve operational efficiencies. McAfee was founded in 1987 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 Astound Broadband

Princeton, New Jersey, United States

Astound Broadband is a provider of broadband services delivering all-digital and high definition video, high-speed internet, and premium voice services to residential and small-medium business customers. Astound Broadband was founded in 1993 and is based in Princeton, New Jersey.

Sell $8.1B