On June 27, 2024, Swander Pace Capital (SPC), a private equity firm specializing in consumer product companies, invested in Inovata Foods Corp., a Canadian manufacturer of private-label frozen entrées.

The financial terms have not been disclosed.

This investment marks SPC's tenth platform investment in Canada, highlighting its commitment to the North American food industry. Previous Canadian investments by SPC include Voortman Cookies, Recochem, and Kicking Horse Coffee.

Jones Day served as legal counsel to Swander Pace Capital in its investment in Inovata Foods Corp with a team led by Kyle A. Diamantas.

Miller Thomson advised Inovata Food Corp in this investment with a team led by Kevin Trumpour (Corporate/M&A) and comprised of Nazar Dahrouge, Michael Caruso, Eric Dufour, Matteo Loconte, Caitlin Smith, Rachel Day (Corporate/M&A), Brendon Ho (Tax), Aaron Atcheson, Julia Thielmann (Transactions & Leasing), and Jung Joan (Private Client Services).

Ernst & Young Orenda Corporate Finance Inc. served as financial advisor to Inovata in the transaction.