M&A – Page 8
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NewsMorrisons sells forecourts in £2.5bn deal to pay down debt pile
MFG and Morrisons, which are both owned by private equity FIRM Clayton, Dubilier & Rice (CD&R), confirmed today they had entered into an agreement with the sites
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NewsDeliveroo shares fall as Delivery Hero plans to sell off stake
Delivery Hero is selling its stake in rival food delivery group Deliveroo for more than £70m
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NewsNorth Brewing Co acquired by founder of Kirkstall Brewery
Existing management at North – including founders Christian Townsley and John Gyngell – will continue to run the new company
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News‘No third-party interest’ in insolvent East London Liquor Co prior to pre-pack sale
The business had explored other avenues before being sold to existing management
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NewsBreal Group denies interest in ailing North Brewing Co
The denial comes despite Breal changing the name of one of its holding companies to North B Co Limited
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NewsHeather Mills strikes rescue deal for VBites
Heather Mills has bought the assets of her collapsed plant-based VBites empire from administrators in a rescue deal worth £1m, The Grocer can reveal
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NewsPrinces profit drops as sale nears completion
Canned food giant Princes suffered a sharp drop in profitability last year despite a £300m sales boost
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NewsYeo Valley boosted by diversification and milk prices
The organic dairy supplier increased turnover by 22% to to £315.9m for the year to 28 May 2023
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NewsRegal Food Products strengthens desserts portfolio with Love Handmade Cakes deal
Regal Food Products has continued its acquisition spree with the takeover of cake manufacturer Love Handmade Cakes
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NewsVegan and brewery distress sees deal volumes pick up in 2023, says Oghma
M&A activity in food & drink picked up in the final months of 2023 thanks to a combination of pent-up demand and distress in the plant-based and craft brewery sectors, according to a new report published this morning
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NewsLDC-backed Bramble Foods bolts on The Bay Tree Food Co
Private equity-backed fine foods manufacturer Bramble Foods has added to its offering with the acquisition of The Bay Tree Food Co
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NewsM&A 'will ramp up in plant-based category’ in 2024
Consolidation in the plant-based category is expected to ramp up in 2024 as the difficulties facing the sector continue this year, according to a new survey
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NewsCity snapshot: Bakkavor major shareholder Baupost sells stake to US PE firm
Bakkavor has revealed major shareholder Baupost has sold its entire 20.1% stake in the listed prepared food manufacturer to US private equity firm Long Range Capital
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NewsMilk & More CEO Patrick Müller steps down following sale to Freshways
Following the completion of the deal on 1 January, Müller has transferred back to Müller UK & Ireland
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NewsCharles Saunders Foodservice announces Victoria Foods acquisition
The acquisition will bring the company’s new joint turnover to £26m, as well as improvements for Victoria Foods
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NewsTDR Capital acquires controlling stake in Popeyes UK
Fast food chicken chain Popeyes UK is under new ownership as British private equity house TDR Capital increased its shareholding
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NewsVFC Foods eyes more acquisitions as it aims to become ‘vegan Unilever’
Veganuary founder Matthew Glover will be taking a more hands-on role at the group this year
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NewsCranswick bolts on pork processor Froch Foods
Meat processor Cranswick has completed a bolt-on acquisition of Yorkshire-based bacon supplier Froch Foods to boost its capacity
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NewsCrosta & Mollica secures backing from Perwyn and brings in David Milner
The Italian food brand has secured private equity investment from Perwyn to maintain rapid growth and support international expansion, with fmcg heavyweight David Milner brought in as chairman
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NewsGriffiths Family Foods acquires Framptons egg division
Griffiths Family Foods has taken control of the non-core egg division of Framptons to expand the business into the foodservice sector