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Howard Johnson
Head of Canadian M&A Advisory and Country Leader
M&A Advisory
Toronto
Howard Johnson
Josh Benn
Head of Americas M&A Advisory and Global Head of Consumer Corporate Finance
New York
Josh Benn
Devin Kennealy
Director
M&A Advisory
Toronto
Devin Kennealy
Farzad Mukhi
Director
M&A Advisory
Los Angeles
Farzad Mukhi
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.
Other Areas We Can Help
Corporate Finance
Comprehensive support throughout mergers and acquisitions and other corporate transactions.
Consumer, Leisure and Retail M&A
Consumer, Leisure and Retail expertise for middle-market M&A transactions.
Private Capital Markets
Senior, subordinated and mezzanine debt and venture/private equity for a wide range of transactions.
M&A Advisory
Middle-market M&A advisory differentiated by industry expertise and superior deal execution.
Transaction Advisory Services
Seamless analytical advisory through the deal continuum, from transaction origination to closing.
Fairness and Solvency Opinions
Independent opinions for boards of directors and special committees.
Distressed M&A and Special Situations
Financial and operational solutions for distressed and special situations.
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