M&A – Page 49
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NewsBestway snaps up Costcutter for undisclosed fee
Once the deal is cleared, Bestway will operate a symbol, franchise and company store estate of more than 3,795 UK stores
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NewsKerry Group mulls €1bn-plus sale of consumer foods business
Kerry Group is considering selling off its consumer foods division, which includes brands such as Richmond sausages and Dairygold, according to reports today
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NewsCapVest set to win IPN auction
Capvest has seen off competition from Cranswick as well as fellow private equity players Ontario Teachers and Bridgepoint
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NewsFerrero moves into healthier snacking market with Eat Natural acquisition
Eat Natural will continue to produce at its facility in Halstead, with its entire staff – including management – set to be retained
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NewsAsda DC network to be sold and leased back by new owners
TDR Capital and Issa brothers Zuber and Mohsin are lining up advisors Eastdil Secured to handle the process
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NewsCranswick plots return to petfood market with IPN acquisition
Pork and meat supplier Cranswick is mulling a move into the fast-growing premium petfood sector with the potential acquisition of Inspired Pet Nutrition
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NewsCity snapshot: Ocado completes $262m Kindred Systems robotics acquisition
Ocado has announced it has completed the deal for US piece picking robotics company Kindred Systems.
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NewsEG Group grows German estate with €485m acquisition
EG today announced it had entered into a binding agreement to acquire a network of 285 petrol station forecourts in Southern Germany from OMV Deutschland.
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NewsCity snapshot: Tesco investors set for £5bn payout as Asia sale readies for completion
Tesco, which last week announced it was returning £585m of business rates relief, has this morning confirmed the $10.6bn sale of its businesses in Asia and a special dividend payment of £5bn. Plus, a pre-close trading update from British American Tobacco, and Nestlé Purina PetCare is set to invest $550m to expand its petfood manufacturing facility in Georgia, creating up to 130 jobs.
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NewsCMA launches probe into Asda takeover by Issa brothers
The proposed £6.8bn takeover by brothers Mohsin and Zuber Issa was announced in October
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NewsIt’s All Good explores sale as tortilla chips demand soars
The Gateshead-headquartered supplier has been backed by PE firm NVM since 2014 following a £3.5m minority investment
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NewsCity snapshot: Tate & Lyle buys US stevia producer Sweet Green Fields
Tate & Lyle has agreed a deal to acquire $50m stevia ingredients company Sweet Green Fields to take full ownership of current partner.
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NewsBeer52 and Virgin Wines explore options as sales rise
A surge in online sales of alcohol during lockdown has attracted investor interest
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Analysis & FeaturesWhy is Noble selling Gü and who is lining up to buy it?
A bidding process for the pudding brand is expected to top £100m
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NewsCity snapshot: Nestlé agrees sale of China-based peanut milk brand Yinlu
Nestlé has agreed to sell its China-based Yinlu peanut milk and canned rice porridge businesses to Food Wise Co for an undisclosed sum
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Comment & OpinionCamden Town Brewery faces identity challenge following full AB InBev integration
AB InBev has done wonders for Camden’s reach. But, as two senior figures take a back seat, the brewer could risk losing its independent character
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Analysis & FeaturesWhat will PAI do with Addo and Winterbotham Darby?
The PE firm aims to create the UK’s best value-added chilled food company
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NewsLDC exploring sale of Hill Biscuits after investment boosts
The private equity firm has engaged Clearwater International to explore its options
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NewsQueen’s ham supplier Dukeshill Ham Co bought by PE player GC Investment Partners
Neale and Sarah Hollingsworth, who have led the fine foods business since 1998, will remain with the business and work alongside the new owners
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NewsMindful Chef predicts surge in demand after sale of stake to Nestlé
CEO Tim Lee told The Grocer turnover had surged to £50m during the coronavirus crisis