M&A – Page 11
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NewsWincanton bidding war heats up as GXO tables £760m rival offer
GXO Logistics rival offer for Wincanton far surpasses French multinational Ceva’s initial bid
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NewsJollyes appoints Andy Bond as chairman as Asda co-owner TDR Capital takes majority stake
Asda’s PE backer TDR Capital has taken control of fast-growing petcare retail chain Jollyes, bringing in Andy Bond as chairman
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Comment & OpinionAnyone for Pimm’s? Who will buy Diageo’s ‘quintessentially British’ brand?
Owing to its seasonality and lack of global appeal, an overseas buyer for Pimm’s seems unlikely
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NewsMorrisons explores potential sale of Rathbones bakery
Morrisons is reportedly weighing up a sale of its Rathbones bakery as the supermarket continues to investigate ways to shrink its debt burden
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NewsWincanton shares soar as GXO sparks potential bidding war for logistics group
US logistics firm GXO has been given a deadline to ‘put up or shut up’ after sparking a potential bidding war for Wincanton this week
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NewsVegan Food Group acquires Germany’s TofuTown
TofuTown generates annual revenues of €60m (£51m) and makes all-natural, organic tofu, plant-based spreads and meat alternatives in one of Europe’s largest vegan factories
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NewsIllva Saronno swallows up Engine gin
The Italian company first acquired a stake in Engine in 2021
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NewsBreal plots further acquisitions to hit £100m brewing revenue target
Last year saw Breal acquire four craft brewers out of administration
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NewsVegetarian Express to scale faster thanks to £15m NVM Private Equity investment
Plant-based ingredients supplier Vegetarian Express has secured a £15m investment in return for a controlling stake in the business from NVM Private Equity
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NewsDriscoll’s strikes deal to acquire Australia’s Costa Group
US berry giant Driscoll’s has expanded its presence in Australia with the acquisition of Costa Group, a leading grower, packer and marketer of fresh fruit and vegetables in the country
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NewsAustralian Vintage weighs up merger with Accolade Wines
Could McGuigan and Hardys soon share a single owner?
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NewsCity snapshot: Wincanton backs increased £605m takeover offer from CEVA
Logistics group Wincanton has received a higher takeover offer from French multinational CEVA Logistics after a final-hour approach from a potential competing bidder
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NewsNewlat puts blame on ‘challenging market’ as it exits Princes deal
Newlat was in advanced discussions to buy Princes and understood to be in a two-way fight with UK private equity firm Epiris
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NewsWincanton to buy Zeus’s technology in the UK and Ireland
Zeus will effectively withdraw from servicing the UK market as part of the deal, however it will continue to operate from its London headquarters
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NewsFirst Milk snaps up Dorset-based supplier BV Dairy
BV posted sales of just under £60m last year, with operating profits of £3.3m
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NewsBreal shutters London brewing operations in consolidation move
Consolidation had been on the cards following Breal’s 2023 acquisition spree
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NewsSuffolk brewer Adnams appoints advisors after losses mount
Losses at Adnams widened to £2.4m in the first six months of last year
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NewsCity snapshot: SSP Group expands Australian footprint with ARE deal
Travel food-to-go operator SSP Group has expanded its presence in Australia with the acquisition of Airport Retail Enterprises
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NewsCity snapshot: Tesco sells majority of banking arm to Barclays for £1bn
Tesco has announced it will sell it’s the majority of its banking operations to Barclays, with the deal worth £1bn in total.
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NewsNorth Brewing’s unsecured creditors ‘highly unlikely’ to receive £1.7m owed
Administrators said there were ‘no solvent options’ available prior to the pre-pack sale