Swander Pace Capital closes sixth mid-market fund at $510 mln

U.S. private equity firm Swander Pace Capital, which has its Canadian office in Toronto, has closed its sixth fund, SPC Partners VI LP, at US$510 million. Fund VI, which will sustain the firm's long-standing investment focus on mid-market consumer products companies in North America and the United Kingdom, exceeded its initial target of US$400 million. Swander Pace is an active investor in Canada, counting a number of domestic businesses in its portfolio. They include Voortman Cookies Ltd, a manufacturer of cookies and wafers acquired by the firm last year. Swander Pace's Toronto office, opened in 2009, is led by Principal Valerie Scott.

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