TORONTO — Fengate Private Equity, a division of Fengate Asset Management, has acquired Sweets from the Earth, a Toronto-based manufacturer of plant-based and allergy-friendly sweet baked foods. Following the acquisition, Ilana Kadonoff, founder and co-chief executive officer and Marc Kadonoff, co-CEO, will retain a “significant minority stake and will continue to lead the company in partnership with Fengate,” Fengate said. “We are excited to partner with Ilana and Marc and support the next phase of growth at Sweets from the Earth,” said Jennifer Pereira, managing director of Fengate Private Equity. “The company has established a market-leading position through its truly unique product offering, which has been built on many years of quality and innovation. Financial terms of that acquisition were not disclosed.