M&A – Page 54
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Analysis & FeaturesHow does Leon fit into Zubin and Mohser Issa’s master plan?
The restaurant brand suits forecourts but not Asda, say analysts
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NewsThe Hut Group strengthens snacking capability with £43m Brighter Foods deal
The acquisition allows THG to bring more snacking manufacturing in-house, reducing lead times for NPD launches “significantly”
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NewsCMA finds Issa brothers’ £6.8bn Asda deal could hike petrol prices
Watchdog has given the brothers and private equity firm TDR Capital five days to offer “binding proposals” to tackle its concerns
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NewsCity snapshot: EG Group swoop for Leon
Petrol forecourt giant EG Group has swooped for restaurant chain Leon as it seeks to grow its non-fuel offering and expand the foodservice operation into healthy fast food. Plus, C&C subsidiary Matthew Clark Bibendum hit by cyber-security incident.
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NewsBuyout funds eyeing ‘undervalued’ UK supermarkets
Global buyout funds are eyeing the opportunity to take more UK supermarkets back into private hands after Covid left the major grocers undervalued
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NewsAsda ready to slash range by up to 40% in End2End reset
Stores will be transformed into a simplified “discount model”, reducing ranges to prioritise availability of key SKUs
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NewsAsda appoints John Fallon as new CFO ahead of Issa brothers takeover
Fallon will replace Rob McWilliam who is returning to a portfolio career
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NewsCity snapshot: Ocado invests in AI firm Oxbotica to develop vehicle fleet
Ocado has announced a partnership, including a £10m investment, with Oxford based autonomous vehicle software company Oxbotica to develop a range of vehicles
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NewsDiageo expands RTD portfolio with Loyal 9 deal
Launched in 2018 in Rhode Island, Loyal 9’s vodka-based RTD canned cocktails are produced with 100% real fruit and use a lemonade base.
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NewsWild Nutrition supplements bags investment from Piper
Founded in 2013 by husband-and-wife team Henrietta and Charlie Norton, the business’ supplements are ethically and sustainably formulated by an in-house team using fully traceable ingredients.
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Analysis & FeaturesEight Fifty Food Group: how CapVest built and sold a £2bn protein business
CapVest has sold Eight Fifty Food to Canadian giant Sofina for about £1.2bn, less than two years after creating the group. How has it managed it?
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NewsVibrant Foods acquires Fudco as South Asian food portfolio grows
The family run London business complements Vibrant’s existing portfolio of ethnic brands, expanding its plant-based offering and strengthening its consumer reach.
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NewsUK-based CBD group Tenacious Labs launches with US acquisition
A UK-based global CBD group has launched today with the acquisition of a US direct-to-consumer operator and the promise of more acquisitions to come
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Analysis & FeaturesWhy Big Chocolate is snapping up healthier snacking brands like Grenade, Kind and Eat Natural
Mondelez is the latest chocolate giant to acquire a healthy snack bar brand, paying £200m for Grenade. Who’s bought what and why?
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NewsGü Puds £150m auction nears end as suitors circle
The sale by owner Noble Foods has attracted strong interest, with the bidders taken through to the final round of the process expected to pay upwards of £150m for the premium dessert maker, The Grocer has learned.
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NewsNomad expands frozen empire with Fortenova acquisition
Nomad Foods has agreed to acquire Fortenova’s Central and Eastern European-focused frozen food business for a total of €615m
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Comment & OpinionWhat does the CMA merger block mean for Seedrs and Crowdcube?
It’s hard to argue with the competition watchdog’s contention that a tie-up of the crowdfunding platforms would have lessened competition
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NewsYoung’s and Karro owner Eight Fifty Food Group acquired by Sofina Foods
Eight Fifty had been tipped for an IPO in the coming months to give the PE house, which also owns Valeo, an exit, but The Grocer understand Sofina swooped in ahead of the planned flotation
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NewsGrenade: ‘Mondelez takeover will supercharge us’
Grenade has set its sights on conquering the world with the backing of its new owner, US confectionery giant Mondelez.
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NewsDeal watchdog blocks Crowdcube and Seedrs merger over competition concerns
Following an in-depth phase 2 investigation, the Competition and Markets Authority (CMA) concluded in its provisional decision that the deal would reduce competition and innovation.