On October 26, 2018, Bäckerhaus Veit Ltd. (“Bäckerhaus Veit” or the “Company”) was acquired by Swander Pace Capital (“SPC” or the “Buyer”).
Duff & Phelps served as the exclusive financial advisor to the shareholders of Bäckerhaus Veit and provided sell-side M&A advisory services in connection with the sale to SPC.
About Bäckerhaus Veit
Bäckerhaus Veit is a family-owned artisan bakery that fuses Old World craftsmanship with New World technology. The Company supplies over 250 varieties of branded, non-branded, and private label par-baked bread and pretzel products to retailers and food services companies across Canada and the United States. The Company is located in Mississauga, Ontario. The Toronto office of Stikeman Elliot LLP acted as legal advisor to Bäckerhaus Veit Ltd.
About Swander Pace Capital
Swander Pace Capital is a private equity firm specializing in investments in middle market consumer product companies with revenues up to US$500 million. SPC has US$1.8 billion of private equity capital across six funds, and is currently investing out of US$510 million fund VI. SPC has a strong track record in the bakery sector, including portfolio investments in Voortman Cookies, Nonni’s Food Company, Pineridge Bakery, as well as many more investments in the broader food and beverage sector.
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