Swander Pace Capital Acquires Maple Donuts

Swander Pace Capital Partners with Inovata Foods

June 27, 2024

Food & Beverage

Swander Pace Capital has made a platform investment in Inovata Foods, a Canadian private-label manufacturer of frozen entrées, partnering with founders Steve and Lisa Parsons to accelerate capacity expansion. The deal positions Inovata to grow its retail, club store and foodservice business across Canada and the U.S., with Ernst & Young Orenda advising Inovata on the transaction.

Swander Pace Capital, CDPQ and Roynat Acquire Majority Stake in St‑Méthode Bakery

December 28, 2023

Food & Beverage

Swander Pace Capital, together with CDPQ and Roynat Equity Partners, has acquired a majority stake in St‑Méthode Bakery (BSM), a Québec-based producer of healthy, value‑added fresh bread, headquartered in Adstock, Quebec. The existing management team will be retained, founder Benoit Faucher will remain as an advisor, and the investors plan to support a business transfer and growth initiatives into broader Canadian and U.S. markets.

Ethos Capital Acquires Majority Control of Donuts Inc.

March 31, 2021

Telecommunications

Ethos Capital has completed an investment to acquire a controlling interest in Donuts Inc. from Abry Partners. The deal brings Ethos (with strategic partners The Baupost Group and Neuberger Berman) in control of the domain registry operator, which is headquartered in Bellevue, Washington and manages roughly 25 million domains with ~300 employees.

NewSpring Acquires Duck Donuts with Investment from Free Fenix

July 14, 2021

Restaurants & Hospitality

NewSpring Franchise, a strategy of private equity firm NewSpring, completed the acquisition of Duck Donuts, a fast-growing made-to-order donut franchise headquartered in Mechanicsburg, Pennsylvania. Charlotte-based Free Fenix partnered on the deal to provide additional capital; Duck Donuts will use the proceeds to accelerate growth, expand its franchise footprint, and strengthen corporate and franchise operations.

NewSpring Franchise (NewSpring) Makes Growth Investment in Federal Donuts

April 5, 2022

Restaurants & Hospitality

NewSpring Franchise, a dedicated strategy of private equity firm NewSpring, completed a growth equity investment in Philadelphia-based Federal Donuts to support the brand's expansion. The capital will be used to open new locations across the Mid-Atlantic and provide infrastructure, technology, and board support while Federal Donuts' founders remain owners and continue to operate the business.

H.I.G. Capital Acquires Patriot Pickle from Swander Pace Capital

January 16, 2024

Food & Beverage

H.I.G. Capital (through an affiliate) has acquired Patriot Pickle, a manufacturer and distributor of refrigerated pickles and other fermented foods headquartered in Wayne, New Jersey, from Swander Pace Capital. H.I.G. will partner with Patriot's existing management to support the company's next phase of organic and acquisition-driven growth; terms were not disclosed.