Vancouver-based better-for-you candy company, SmartSweets, sells majority stake of company to TPG Growth, a middle market and growth equity platform of alternative asset firm TPG. Tara Bosch, founder of SmartSweets, will remain the largest individual shareholder of the company.
SmartSweets is on a mission to “kick sugar” by offering their customers innovative alternatives to traditional candy products with 87-92 percent less sugar than traditional candy. Since their launch, SmartSweets has seen tremendous growth and has helped its customers in Canada and the US kick over 1 billion grams of sugar. The investment will help the company aim to continue expanding into new channels.
Fasken advised SmartSweets on the full M&A process, including negotiating non-disclosure agreements, structuring, and preparing bid draft documents, and negotiating and advising on deal structure and legal documentation. The team was led by Ally Bharmal and Iain Mant (M&A) and included Katie Peardon and Reina Mistry (Corporate/Commercial), Mike Coburn (Tax) and Lorene Novakowski (LEHR).
This transaction won the Association of Corporate Growth British Columbia’s Deal of the Year Award in 2020.
SmartSweets is on a mission to “kick sugar” by offering their customers innovative alternatives to traditional candy products with 87-92 percent less sugar than traditional candy. Since their launch, SmartSweets has seen tremendous growth and has helped its customers in Canada and the US kick over 1 billion grams of sugar. The investment will help the company aim to continue expanding into new channels.
Fasken advised SmartSweets on the full M&A process, including negotiating non-disclosure agreements, structuring, and preparing bid draft documents, and negotiating and advising on deal structure and legal documentation. The team was led by Ally Bharmal and Iain Mant (M&A) and included Katie Peardon and Reina Mistry (Corporate/Commercial), Mike Coburn (Tax) and Lorene Novakowski (LEHR).
This transaction won the Association of Corporate Growth British Columbia’s Deal of the Year Award in 2020.
Jurisdiction
- British Columbia
