M&A – Page 40
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Comment & OpinionSix months is not long enough for business gas bill cap from government
And targeted support after that won’t work
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NewsAsda set to sell off 10% of its Co-op forecourts to appease CMA
Research by CACI found that 12 to 16 of the 132 Co-op petrol forecourt sites could be in breach of the Competition & Markets Authority’s ‘four to three rule’
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NewsMorrisons asked to remedy competition concerns in McColl’s takeover
The CMA said “overall, the deal would not harm the vast majority of shoppers or other business”
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NewsHeineken takes full ownership of craft brewer Beavertown
Beavertown’s founder Logan Plant – the son of Led Zeppelin star Robert Plant – is stepping down as CEO
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NewsAlliance acquires wholesaler and distributer Payne Bros
The business is expected to be intergrated into Alliance’s existing UK regional and national network
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NewsHunt’s Food Group steps in to rescue Tree of Life sister The Health Store from administration
Administrators at insolvency firm Interpath Advisory completed the sale of The Health Store brand and assets to the Dorset-headquartered group today
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NewsAsda agrees £600m deal for Co-op petrol forecourt operations
All 2,300 Co-op colleagues impacted by the deal will transfer to Asda under Tupe rules
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Comment & OpinionCo-op’s potential forecourt sell-off could be a win for all parties
The good news for impacted staff is there seems to be a strong appetite among potential buyers, with Asda reportedly ready to stump up £450m for the Co-op’s 130 forecourt sites
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NewsKerry Group continues ingredients push with $108m acquisition of Kraft Heinz powdered cheese business
The deal for the B2B powdered cheese business – which is part of Kraft Heinz’s ingredients division – includes a factory in Minnesota in the US and 62 employees.
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NewsCity Snapshot: Asda leads race in £450m sale of Co-op petrol forecourt business
The Co-op has hired advisors to sell its petrol forecourts operation in a bid to raise £450m, with the Issa brothers-owned Asda the front runner to buy the business, according to reports.
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NewsCity News: iFood stake sale is welcome relief for beleaguered Just Eat Takeaway investors
The group announced a deal to sell its 33% stake in the South American food delivery arm to iFood’s majority owner (and one time Just Eat suitor) Prosus for €1.5bn
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NewsJust Eat Takeaway.com sells off €1.8bn Brazlian iFood stake
Just Eat Takeaway.com has agreed to sell its 33% stake in Brazalian food delivery operation iFood for a sum worth up to €1.8bn
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NewsCity snapshot: Wynnstay taps investors for £10.6m to fund growth and M&A
Agricultural supplies group Wynnstay has raised £10.6m via the placing of new shares to fund future growth and acquisitions
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NewsFilshill acquires wholesaler Iain Hill for undisclosed sum
Iain Hill started the eponymous wholesale business from a garage 32 years ago
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NewsTenacious Labs branches out into petcare market as CBD buy-and-build strategy continues
It’s the third deal struck by the London-headquartered business since it launched in early 2021
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NewsSupreme acquires trade and assets of vaping businesses Cuts Ice and Flavour Core
It follows Supreme’s acquisition of Liberty Flights in June in a deal worth up to £15m
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NewsLion sells Magic Rock and Fourpure to Odyssey Inns
Lion Little World Beverages has sold its UK operations, including its Magic Rock and Fourpure beer brands, to newly launched venture Odyssey Inns
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NewsWilliam Reed acquires The London Coffee Festival from Allegra Group
The festival will continue to be held April each year at the Truman Brewery in central London
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NewsJoseph Heler snaps up Welsh cheese business Futura Foods Wales
The site would continue to conduct business as usual, said Joseph Heler
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NewsEconomic instability blamed for decrease in food & drink dealmaking
While deal volumes have largely settled in the mid-30s since a post-Covid spike in the first quarter of 2021, Q2 2022 saw deal numbers drop to just 26