Case Studies

Sell Side Advisor

Duff & Phelps Advised Pace Processing and Product Development Ltd. on Its Sale to Bond Bakery Brands Limited

Pace Processing

has been acquired by

Bond Bakery Brands

Connect With Us

Howard Johnson
Howard Johnson
Head of Canadian M&A Advisory and Country Leader
Mergers and Acquisitions (M&A) Advisory
Toronto
Phone
Josh Benn
Josh Benn
Head of Americas M&A Advisory and Global Head of Consumer Corporate Finance
New York
Phone
Devin Kennealy
Devin Kennealy
Director
Mergers and Acquisitions (M&A) Advisory
Toronto
Phone
Farzad Mukhi is a director at Duff & Phelps.
Farzad Mukhi
Managing Director
Consumer Investment Banking
Los Angeles
Phone

On October 2, 2020, Pace Processing and Product Development Ltd. (“Pace” or the “Company”), was acquired by Bond Bakery Brands Limited (“Bond” or the “Buyer”).

Duff & Phelps served as the exclusive financial advisor to the shareholders of Pace and provided sell-side M&A advisory services in connection with the sale to Bond.

About Pace Processing and Product Development Ltd.
Pace Processing, headquartered in Surrey, BC, is a leading bakery and food solutions manufacturer specializing in pizzas, cakes and other sweet & savoury baked goods that services retail & food service customers in Canada and the United States. Pace also provides co-packing and R&D services to food manufacturing companies. Stikeman Elliot LLP acted as legal advisor to the shareholders of Pace.

About Bond Bakery Brands Limited
Bond Bakery Brands Limited is a stakeholder-focused investment platform accelerating the growth of bakery companies, with a mission to show that food companies can both grow and be impact-leaders. Bond’s portfolio of bakeries includes Portofino Bakery Ltd. and Pace Processing and Product Development Ltd., employing more than 550 people through seven facilities in Canada. Wildeboer Dellelce LLP acted as legal advisor to Bond.

Share

Stay Ahead with Kroll

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. In 2018, Duff & Phelps acquired Kroll and unified under the Kroll brand in 2020.

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.

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. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.

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. Duff & Phelps acquired Kroll in 2018 and unified under the Kroll brand in 2020.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2013-2022.

Distressed M&A and Special Situations

Kroll professionals have advised hundreds of companies, investors and other stakeholders at all stages of distressed transactions and special situations.

Related Case Studies
Return to top