Swander Pace Capital (via Triple Crown) Acquires T-Bev, Backed by Five Points Capital Financing
June 6, 2021
Swander Pace Capital formed Triple Crown Holdings to partner with and acquire T-Bev, Inc., a manufacturer and distributor of natural and organic tea extracts, caffeine and botanical ingredients for the functional beverage and dietary supplement markets. Five Points Capital led unitranche financing and provided an equity co-investment to support the transaction; Triple Crown will pursue organic growth and add-on acquisitions in the clean-label food ingredients category.
- Buyers
- Swander Pace Capital, Triple Crown Holdings, Five Points Capital
- Targets
- T-Bev, Inc.
- Platforms
- Triple Crown Holdings
- Industry
- Food & Beverage
- Location
- Oregon, United States
- Transaction Type
- Buyout
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