All Mergers and acquisitions articles – Page 23
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News
City snapshot: Nestlé to invest in sustainable start-ups in Latin America via VC partnership
Nestlé has announced a partnership with specialist agri-food venture capital fund The Yield Lab Latam, to invest in sustainable food production start-ups in the region
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News
Food and drink M&A shows signs of recovery in 2023
UK food and drink mergers and acquisition volumes have bounced back to their highest level in six years, partly driven by buyers snapping up distressed assets
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ABF buys UK milk records firm for £48m
Associated British Foods has announced it will bolt on National Milk Records to its AB Agri arm after agreeing a £48m deal to acquire the UK company. Plus, monthly retail updates from BRC-KPMG and Barclays, and trading updates from Poundland owner PepCo and BAT
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News
Montezuma’s Chocolate rescued by Paramount Retail Group
The confectionery maker and retailer has been rescued in a deal that sees the chocolatier’s founders return to the business
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Oscar Mayer is taken over by lender following financial restructure
UK ready meals supplier Oscar Mayer has been taken over by its institutional lender following a financial restructuring, documents show
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Analysis & Features
Asda’s EG Group acquisition: everything you need to know
Asda has acquired EG Group’s UK & Ireland operations, and sees a ‘huge runway’ for growth to become the UK’s second-largest grocer again
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New healthy food wholesaler Dundeis acquires Minton’s Good Foods
A new healthy food distributor started by former Tree of Life employees has acquired Welsh wholesaler Minton’s Good Foods as it continues to build capability ahead of a full launch later this year.
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Belazu adds miso to line up with Miso Tasty acquisition
Miso Tasty founder Bonnie Chung remains part of the business and is working with Belazu on the integration and transition, while all staff have also transferred across to the new owner.
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News
Serious Sweets acquires rock maker John Bull Confectioners
Serious Sweets has continued on the acquisition trail, having bought premium marshmallow brand Mallow & Marsh in February
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Meatless Farm hires Kroll to save its plant-based skin
The Leeds-headquartered business has hired advisors at the restructuring and insolvency specialist to run an early options process in a bid to save the brand
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News
Asda confirms £2.27bn acquisition of EG Group UK and Ireland
Asda has announced it has agreed to buy EG Group’s UK and Ireland operations for an enterprise value of £2.27bn
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City snapshot: Asda confirms £2.27bn acquisition of EG Group UK and Ireland
Asda has announced it has agreed to buy EG Group’s UK and Ireland operations for an enterprise value of £2.27bn
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News
Jude’s ice cream exploring finance options for growth
Independent corporate finance firm Spayne Lindsay has been charged with looking at options including sale and investment
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Comment & Opinion
Asda merger with EG Group would be a disaster
The future of Asda matters for consumers, its 145,000 employees, the government and regulators alike
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News
Ingredients supplier Kiril Mischeff acquires Good Food Wines
Kiril Mischeff said the acquisition would allow it to capitalise on “significant” revenue synergies thanks to the complementary product portfolios of the two businesses
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News
Food and drink M&A dealmaking sees green shoots of recovery
Food and drink dealmaking showed signs of recovery in the first quarter of 2023, suggesting activity could bounce back from a weak 2022
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Montezuma’s searches for buyer as Inverleith heads for the exit
Upmarket chocolate brand Montezuma’s has hired advisors to find a buyer for the business and provide private equity owner Inverleith with an exit, The Grocer has learned.
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City Snapshot: THG ends Apollo takeover discussions
THG has announced it has ceased talks with Apollo Global Management over a takeover approach after its indicative valuation of the group was ‘inadequate’
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News
City snapshot: Pernod Ricard invests in reusable packaging specialist Ecospirits
Pernod Ricard has taken a minority share in Singapore-based Ecospirits, a low waste distributer for the wine and spirits industry
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News
Hancocks owner Innovative Bites acquired by private equity firm
Innovative Bites said the deal would strengthen its position in the UK confectionery and snacks sector while pushing expansion