M&A – Page 41
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Analysis & FeaturesWhy private equity wants to take UK food and drink assets off the shelf
As the bidding war for Morrisons heats up, which other grocery retailers and suppliers could be vulnerable to private equity approaches?
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NewsPepsiCo sells Tropicana and Naked juice brands to PAI Partner for $3.3bn
PAI will take a 61% holding in the likes of Tropicana and Naked, as well as other brands, with PepsiCo retaining a 39% stake
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NewsSnacking group Wholebake acquired by private equity firm
Cereal bar maker Wholebake has been snapped up by new private equity owners as investors continue to target the healthier snacking category.
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NewsViolife enters butters & spreads market with vegan block
The plant-based brand hopes to cash in on booming sales in the dairy alternatives market
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NewsMorrisons faces break-up risk in private equity takeover, analysts warn
Bernstein said it “struggled to see the returns [for a buyout group] of the current offer without significant asset sales”
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NewsApple grower Bardsley England acquired by listed agriculture group Camellia
Bardsley England is the UK’s second largest apple grower and also has operations focusing on pears, cherries, plums and grapes
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NewsFood and drink M&A declines after rush of pre-Budget activity
According to Grant Thornton’s quarterly review of the UK food and drink M&A market, deal volumes slumped by 47% from the first quarter
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NewsGriffith Foods expands UK presence with acquisition of The Flavourworks
Ingredients supplier The Flavourworks has been acquired by US product development group Griffith Foods for an undisclosed sum.
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NewsSingapore wealth fund joins Fortress-led consortium on £6.3bn Morrisons takeover
Cambourne Life Investment, a subsidiary of GIC, has agreed to join Fortress Investment Group – alongside Canadian pension fund CPPIB and a subsidiary of US group Koch Industries – as an additional co-investor
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NewsPlant-based nutrition brand Pulsin acquired by VC firm S-Ventures
Pulsin makes a wide range of protein, keto, high-fibre and oat snack bars, as well as protein powders and shakes, under its own brand and for third parties.
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Comment & OpinionAs PMI eyes ‘healthcare and wellness’, could Marlboro Man be saddling up for his last ride?
CEO Jacek Olczak told the Mail on Sunday it could stop selling cigarettes in the UK in as little as 10 years’ time
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NewsInc Retail picks up major stake in Gut Instinct
The plant-based products maker has sold a 42% stake to Inc Retail
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NewsStruggling Typhoo Tea ‘secures major investment’ in private equity deal
Private equity investor Zetland Capital has taken a majority stake in Typhoo Tea as the brand battles to turn around years of losses and the structural downturn of the black tea market
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NewsFreshways and Medina Dairy complete long-awaited merger
The combined business will be called Medina Freshways, with the deal expected to be completed by the end of the year
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NewsCity snapshot: Apollo in talks to join Fortress’ Morrisons bid
Apollo Global Management is in talks to join the Fortress Investments-led consortium bidding to buy Morrisons and will not make its own approach for the supermarket.
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NewsCity News: Tate & Lyle’s long-awaited split gets tepid investor response
Another week, another US private equity giant snaps up a UK-listed asset
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NewsCity snapshot: DS Smith sells €50m Dutch paper mill amid focus on fmcg packaging
DS Smith has announced it has agreed to sell its De Hoop paper mill in the Netherlands to De Jong Packaging for a cash sum of €50m (£43m) as it continues to shift focus to fibre-based fmcg packaging.
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NewsHoulihan Lokey expands coverage of consumer market with Baylor Klein acquisition
Investment bank Houlihan Lokey has acquired boutique advisory firm Baylor Klein in a move that bolsters its coverage of the consumer sector
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NewsCity snapshot: Tate & Lyle to split with £1.2bn sweeteners arm sale
Tate & Lyle is to divest its sweeteners division after this morning announcing it has agreed a £1.2bn deal with private equity player KPS Capital Partners to sell a controlling stake in the business
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NewsCity snapshot: Philip Morris buys UK pharma firm to broaden beyond tobacco
Tobacco giant Philip Morris International has agreed to acquire UK-based inhaled drug delivery specialist Vectura for £852m as part of an effort to broaden its business