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Farm Credit Canada, Bonnefield Financial and members of Fine Choice Foods’ senior management team also participated in the deal to buy the maker of Summ! brand refrigerated Asian appetizers. Deal terms were not disclosed. (The Logic)
Talking point: The acquisition is part of Power Sustainable’s plan to invest more than $10 billion in Canadian projects and companies over the next five years, announced in September ahead of the Canada Investment Summit. In January, Power Sustainable and Farm Credit Canada teamed up to buy Ontario jam maker Crofter’s Organic. Fine Choice Foods is the fifth investment from Power Sustainable’s Lios Fund I, which makes private equity investments in the North American food sector. San Francisco private equity firm Swander Pace Capital bought Fine Choice Foods, which started as a small family-run store in Vancouver, in 2018.
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