M&A – Page 50
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Analysis & FeaturesThe contenders to buy EG Group if the Issas sell to focus on Asda
Reports suggest the brothers are exploring a £10bn-plus sale. EG Group has long been seen as an IPO contender, but a sale jars with the synergies attained via the Issa brothers’ purchase of Asda this year
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NewsGail’s Bakery owner Bread Holdings sold to Bain Capital
US private equity player Bain Capital has acquired Gail’s Bakery and The Bread Factory owner Bread Holdings alongside fellow investor EBITDA Investments
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Analysis & FeaturesHow Covid-19 cuts value of merger and acquisition deals
Global 50 M&A levels were weak during Covid – the lowest level for well over a decade. Deals were worth $22bn from 45 deals, down from 2019’s $45bn from 48 deals. Activity was led by PepsiCo’s $3.9bn deal for Rockstar, while Nestlé made a $1.7bn bio-pharma bet ...
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NewsPoundstretcher owners acquire JTF Mega Discount Warehouse
Nine JTF stores could be reopened after the brand and other assets were acquired by Bargain Buys, a subsidiary of Poundstretcher
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NewsCity Snapshot: EG Group reportedly mulls $15bn sale options
EG Group is exploring options with bankers that could result in a $15bn (£10.8bn) sale, according to reports.
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NewsCity snapshot: Morrisons lays ground for takeover auction
Morrisons is in talks with the UK Takeover Panel in preparation for a bidding auction ahead of a shareholder vote in mid October.
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NewsSysco to take over foodservice wholesaler Medina
Medina operates out of two sites and provides more than 5,000 products to businesses
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NewsVeg Capital adds Clive’s Purely Plants to plant-based portfolio
The specialist private family fund will buy out existing majority shareholders Sally and Chris Carson
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NewsTesco the 'most attractive' supermarket takeout opportunity for private equity
Tesco would make a better takeover target than Sainsbury’s but a £30bn price tag is likely to put private equity buyers off, according to analysts.
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NewsBBF expands bakery reach with acquisition of Sargents
Private equity-backed cake maker Bright Blue Foods has acquired Yorkshire bakery supplier Sargents for an undisclosed sum.
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NewsCity Snapshot: Sainsbury’s nears £200m banking arm sale
Sainsbury’s is reportedly in “advanced discussions” to sell off its banking arm to US private equity firm Centerbridge.
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NewsCity News: Sainsbury’s shares soar as takeover speculation mounts
Takeover fever engulfed Sainsbury’s this week, as corporate raiders looking to the UK for cheap assets eyed up yet another supermarket
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NewsJiffy not for sale says co-founder, following spate of rapid grocery acquisitions
Vladimir Kholiaznikov said Jiffy would grow steadily, unlike competitors who were “blitz-scaling without a purpose”.
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NewsCD&R promises to 'fully safeguard' Morrisons’ pension schemes
Clayton, Dubilier & Rice has reaffirmed its commitment to safeguard the Morrisons’ pension schemes after trustees charged with protecting the funds called for further guarantees ahead of any private equity takeover.
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NewsCity Snapshot: Morrisons pension trustees warn £7bn takeover could “materially weaken” schemes
The trustees of the pension schemes at Morrisons have warned that a private equity takeover could “materially weaken” the security of the funds unless further protections were agreed.
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NewsVitality acquired by Canada’s Yooma Wellness to grow CBD portfolio in the UK
Birmingham-based Vitality is one of the most widely stocked CBD brands in the UK
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Comment & OpinionApollo’s bid for Sainsbury’s may be speculation, but UK grocers remain attractive investments
The market has reacted wildly to hints of a bid for Sainsbury’s. But there’s little substance to the report just yet
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NewsSkinny Food Co on hunt for investor support to back international push
The Nottingham-based supplier has tasked PwC with exploring investment options
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Analysis & FeaturesEx-Tesco CEO Terry Leahy outlines CD&R’s case for buying £7bn Morrisons
‘We want to build on the traditional strengths of Morrisons with innovation, capital and new technologies,’ vows Leahy
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Analysis & FeaturesRapid delivery: where is the fast-moving sector going?
A raft of ‘q-commerce’ players have quickly established themselves. As the market matures, will they prosper or find themselves snapped up?