Swander Pace Capital, a private equity firm, completed the acquisition of a 60% stake in Inovata Foods, a company specialising in manufacturing and distribution of private label frozen entrees for retailers and foodservice. Financial terms were not disclosed. "Selecting the right partner was crucial for us, and we deliberately chose Swander Pace Capital due to their proven track record and shared values and vision for growth. I am incredibly proud of the Inovata Foods team and all we have accomplished since our inception in 1989. I am confident that partnering with SPC will accelerate our capacity expansion plans, enabling us to provide even more quality products to our valued customers," Steve Parsons, Inovata Foods Founder.