M&A – Page 55
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NewsCMA provisionally clears Amazon-Deliveroo deal
The impact of coronavirus has caused a “significant decline in revenues” for Deliveroo
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NewsNestlé Purina to run £100m Lily’s Kitchen at arms length to ‘preserve premium credentials’
Premium petfood brand Lily’s Kitchen will continue to be run separately from global giant Nestlé Purina to “preserve [its] premium credentials” after being snapped up in a deal thought to be worth over £100m.
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NewsNurture Brands secures deal to buy The Primal Pantry
Fast-growing plant-based snacking group Nurture Brands has agreed a deal to buy healthy snack bar brand The Primal Pantry
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NewsNestlé Purina buys premium petfood player Lily’s Kitchen
Premium petfood brand Lily’s Kitchen has been acquired by Nestlé Purina with the aim of boosting its global growth
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NewsSykes acquires European shrimp processor, creating €300m seafood business
Liverpool-based seafood provider Sykes Seafood has acquired European shrimp processor Klaas Puul, despite the coronavirus outbreak halting almost all M&A activity
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NewsSpecialist pate makers Patchwork and Pyman to merge
North Wales-based Patchwork Pates and Devon-based Pyman Pates are to merge to scale up and meet demand for premium British pates and meat-free alternatives.
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NewsFood and drink M&A deals on hold as coronavirus outbreak freezes market
Sale processes - including that of MPM Products - have been put on hold as the coronavirus outbreak hits market confidence
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Analysis & FeaturesWhat does the future hold for Rockstar Energy under PepsiCo?
PepsiCo has snapped up the energy drink brand for a huge £3.19bn
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NewsCMA gives green light to PepsiCo’s acquisition of Fruit Bowl owner Pioneer
The UK’s competition watchdog has closed its investigation into the $1.7bn merger between PepsiCo and South African food group Pioneer Foods.
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NewsPrivate equity giants assembling board for £7bn Asda takeover
Three private equity funds are working with major recruitment firms to identify potential executives
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NewsPlanet Organic buys Caroline Gooding’s As Nature Intended
The deal sees Planet Organic acquire As Nature Intended’s chain of seven stores, all in London, for an undisclosed sum
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NewsCity News: Analysts welcome hefty price tag for Tesco’s Asian arm
Tesco’s long-shelved plans for global domination were further unwound this week with the sale of its Asian arm for £8bn, as it continues to refocus on its core business.
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NewsPoundland owner delays retailer’s potential flotation amid coronavirus and CEO illness
Market volatility caused by the virus’ outbreak and the illness of the unit CEO Andy Bond were cited as reasons for the delay
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NewsPernod Ricard acquires stake in ‘modern aperitivo’ brand Italicus
Italicus’ 20% spirit is billed as a “modern aperitivo” with ”key notes of Calabrian bergamot”
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NewsPepsiCo agrees $3.85bn deal for energy drink maker Rockstar
The latest deal signals a move from the US soft drinks giant to step up its rivalry with Coke
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NewsEG Group buys largest KFC franchise operator in UK & Ireland
The company has also entered a binding agreement to acquire Australian healthy fast food chain Oliver’s Real Food
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NewsCity Snapshot: B&M sells German business for €12.5m
B&M Bargains owners B&M European Retail has sold its loss-making German arm Jawoll to a consortium of German investors for €12.5m (£10.9m). Plus, The Bank of England has slashed interest rates back to a historic low of just 0.25% as an emergency response to the coronavirus outbreak and all the rest of the latest news from the City.
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NewsCity snapshot: Tesco agrees £8bn Thai and Malaysian business sale
Tesco has agreed to sell its business Thailand and Malaysia to CP Group for an enterprise value of US$10,6bn (£8.2bn) to fund a special dividend and a £2.5bn pension contribution. Plus, global markets collapse amid oil price plunge and all the rest of the latest news from the City.
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Analysis & FeaturesHow will suitors to Asda shake up its vast estate?
One way or another property is going to be a big part of the Asda play for potential investors, say experts. How?
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NewsUK food & drink M&A aided by ‘distressed’ deals at end of year
Grant Thornton’s review of the 2019 food and beverage M&A market found the year concluded with 215 transactions involving