Sell Side Advisor

Duff & Phelps Advised B�ckerhaus Veit Ltd. on Its Sale to Swander Pace Capital

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.

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Corporate Finance and Restructuring

M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.

Consumer Investment Banking

Consumer, Retail, Food and Restaurant expertise for middle-market M&A transactions.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Financial Sponsors Group

Dedicated coverage and access to M&A deal-flow for financial sponsors.