Swander Pace Capital raises $350 mln for Fund V

U.S. private equity firm Swander Pace Capital, which has its Canadian office in Toronto, has closed its fifth fund, SPC Partners V LP, at US$350 million. The new fund will continue to specialize in investing in growth-oriented, mid-market consumer products companies in North America and the United Kingdom. Swander Pace recently sold Ancaster, Ontario-based Pineridge Bakery Inc to Aryzta AG for US$340 million. Pineridge was bought by Swander Pace in 2007.

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