Major Swiss Water Coffee Share Acquisition
Properly Investment and Spur Point Capital Acquire Significant Swiss Water Shares for $7 Million
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Properly Investment Company Ltd. is transferring its entire 1,599,691-share stake in Swiss Water Decaffeinated Coffee Inc. (TSX: SWP) to its wholly-owned subsidiary, Spur Point Capital Inc., for $7,036,366 CAD. The deal, set for June 17, 2026, works out to roughly $4.40 per share and represents a 16.68% ownership stake in the Vancouver-based decaf coffee producer, according to Newswire.
The move is not a sale to an outside buyer. It is an internal restructuring. Mark Vendramin — Executive Chairman of Spur Point and Chief Investment Officer of Properly — will keep full control over the shares after the transfer. The transaction will not go through any stock exchange.
An Internal Shuffle, Not an Exit
Properly is moving its Swiss Water shares into Spur Point, a subsidiary it fully owns. The $7,036,366 CAD price tag reflects Properly's historical cost basis — not a market-price sale. MarketScreener confirmed the shares will be acquired for investment purposes, with no change in who calls the shots.
Mark Vendramin continues to exercise sole control. Creating a dedicated subsidiary for the stake signals a long-term hold strategy. It separates this investment into its own vehicle, which is common among family offices building a focused position in a single company.
How Properly Became Swiss Water's Biggest Backer
Properly first disclosed a 13.80% stake — 1,317,491 shares — in Swiss Water back in November 2025. By March 2, 2026, it had bought an additional 132,300 shares on the TSX for $595,350 CAD, pushing its ownership to 16.23%, Newswire reported.
The growing stake led to a formal Cooperation Agreement on April 1, 2026. Swiss Water nominated Vendramin to its Board of Directors. Shareholders elected him at the May AGM with 99.72% support. Board Chair Alan Wallace said Vendramin "brings a depth of experience and judgment that will be a valuable addition to our Board."
Swiss Water's Business Is Improving as Deal Closes
The timing matters. Swiss Water posted Q1 2026 net income of $1.4 million — a 172% jump year-over-year — despite an 8% dip in revenue. Arabica coffee futures, which hit 50-year highs in 2025, are now starting to stabilize, according to analysts cited in the company's most recent earnings call.
The company also ratified a new Shareholder Rights Plan at its May AGM, with 97.03% approval. A rights plan protects all shareholders if any single buyer tries to take over. With Properly holding 16.68% of the company, that guardrail gives smaller investors some reassurance.
What a 16.68% Block Means for Swiss Water's Future
Vendramin now sits on Swiss Water's Corporate Governance and Compensation Committee. He will help lead the search for an additional independent director. That puts the company's largest shareholder directly in the room when key leadership decisions get made, Fort McMurray Today noted.
Swiss Water is also planning $15–$16 million in capacity expansion between 2026 and 2029. With a record Brazilian coffee harvest forecast and futures easing, the company is shifting focus from crisis management to growth. A long-term, board-level investor at 16.68% is likely to support that kind of patient capital spending.
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