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Swander Pace Capital Completes Sale of Renew Life to Clorox Company

SAN FRANCISCO & NEW YORK, May 03, 2016 (BUSINESS WIRE) -- Swander Pace Capital, a leading private equity firm specializing in investments in consumer products companies, has completed its sale of Renew Life, a global leader in probiotics and other digestive care supplements, to Clorox Company for $290 million.

During Swander Pace’s partnership with Renew Life, the company has grown into the No. 1 brand of probiotics in the natural channel, with a rapidly growing share in the food, drug and mass channel.

“This sale to Clorox is the culmination of years of dedication to growing a company focused on improving lives through better digestive health,” said Corby Reese, managing director at Swander Pace. “Stan and Brenda Watson were decades ahead of the mainstream when they founded Renew Life, and the company has been instrumental in bringing probiotics and digestive health into much broader public awareness. We’re proud to have worked with the Renew Life team to build such a respected industry leader.”

“The Swander Pace team has...