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Client Work

Majority stake in SmartSweets acquired by TPG Growth

Fasken
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Client

SmartSweets Inc.

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. 

Jurisdiction

  • British Columbia

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