Danone Acquires Functional Formularies from Swander Pace Capital

Satori Capital Acquires Formulife; Brookside Capital Provides Financing Support

July 15, 2021

Food & Beverage

Satori Capital has acquired Formulife, a specialty contract manufacturer of custom-formulated nutritional supplements based in Allen, Texas. Brookside Capital Partners provided a unitranche debt facility and an equity co-investment to facilitate the transaction; Satori will use part of the investment to complete a major expansion of Formulife's production facility to more than double capacity and reduce customer lead times.

Danone Acquires Kate Farms

July 1, 2025

Food & Beverage

Danone has acquired Kate Farms, a U.S.-based maker of plant-based clinical nutrition formulas, bringing the company into Danone’s North America Medical Nutrition business. Investors including Novo Holdings, Goldman Sachs, Kaiser Ventures, Main Street Advisors, Aliment, Coeffecient, Ithaka and individual investors supported Kate Farms’ growth and are parties to the transaction. Kate Farms will continue operating as part of Danone’s North America Medical Nutrition unit under leadership led by Brett Matthews.

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.

Florida Food Products Acquires T-Bev, Inc. from Swander Pace Capital

May 2, 2022

Food & Beverage

Florida Food Products (FFP) has acquired T-Bev, Inc., a manufacturer and distributor of tea extracts, natural and organic caffeine and botanical extracts, from Swander Pace Capital. The deal expands FFP's ingredient platform into nutraceutical and functional-beverage ingredients and strengthens its presence in value-added natural tea products.

Swander Pace Capital Acquires Maple Donuts

June 2, 2025

Food & Beverage

Swander Pace Capital has acquired Maple Donuts Inc., a Pennsylvania-based manufacturer of frozen private-label donuts, with Partners Capital and Constitution Capital Partners serving as lead co-investors. The Burnside family will transition the business to Swander Pace, which plans to expand Maple Donuts' product offerings, production capabilities, and market reach as part of its bakery-platform strategy.

Nutricia (Danone) Acquires Real Food Blends

October 21, 2020

Food & Beverage

Nutricia, part of Danone's Specialized Nutrition business, has acquired Real Food Blends, a Chesterton, Indiana-based maker of 100% real-food meals for people who rely on feeding tubes. The founders, Julie and Tony Bombacino, will remain in their roles as CEO and President while Nutricia intends to scale the Real Food Blends portfolio and expand its reach through Nutricia/Danone's broader distribution and clinical channels.