All Mergers and acquisitions articles – Page 36
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NewsCity snapshot: Kerry Group agrees €137m deal for German biotech firm
Kerry Group has agreed a €137m deal to by German biotechnology company c-Lecta as it builds its presence in the food and nutrition technology space
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NewsPaleo Ridge secures investment of £2m to back expansion plans
Raw dogfood specialist Paleo Ridge has secured a £2m investment from PE player Ashridge Capital to boost its rapid expansion plans
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NewsUpfield secures strategic partnership with plant-based egg alternative Oggs
The deal will see Upfield take a stake in Oggs’ British owner Alternative Foods
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NewsLittle Moons deal to value TikTok sensation at more than £100m
Investment bank Houlihan Lokey is running the process for the business, with a deal expected to close within the next four weeks. At least five PE houses are involved in the second round of the auction.
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NewsSpayne Lindsay forms partnership with US investment bank Sage Group
The pair will remain separately run and owned, but will work in a new partnership to create a ‘consumer advisory powerhouse’
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NewsScottish pork processor QPP snapped up by meat company Browns
The deal secures the future of the business, which had faced an uncertain future in recent years
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NewsCMA opens investigation into Cérélia acquisition of General Mills dough business
The UK deals watchdog has opened an investigation into the acquisition of General Mills’ European dough business, which includes the Jus-Rol brand, by French bakery giant Cérélia.
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NewsFood M&A activity in 2021 still down on pre-pandemic levels
UK food and drink M&A activity remained well below pre-pandemic levels last year despite a booming first quarter
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NewsCMA launches investigation into Medina-Freshways merger
The Competition & Markets Authority has launched an investigation into the merger of milk processors Freshways and Medina Dairy amid concerns it could lead to a “substantial lessening of competition”
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NewsPersonal shopper app Beelivery’s acquisition of Pinga is ‘first of many’
Visitors to the Pinga site are now being redirected to Beelivery’s and the Pinga app has been removed from app stores
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NewsFood & drink M&A enjoys bumper year in 2021 but inflation could hamper 2022
Deal activity in the UK hit the highest levels recorded for more than a decade in 2021. However, inflationary headwinds look set to hamper dealmaking this year
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NewsCity Snapshot: Cranswick enters petcare market with Grove Pet Foods acquisition
Cranswick has expanded its reach into the petcare category with the acquisition of UK pet food maker Grove Pet Foods.
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NewsCMA launches probe into Boparan’s acquisition of Banham Poultry
Regulators have kicked off an investigation into Ranjit Boparan’s acquisition of Banham Poultry
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NewsPoundstretcher begins converting stores to JTF
A Poundstretcher and Pet Hut in Margate, one of the variety discounter’s larger stores, is among the first to be rebranded
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NewsCMA launches probe into Morrisons takeover amid concern over rising petrol prices
In October the CMA passed an enforcement notice compelling Morrisons to stay operationally independent while it considered launching an investigation
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Comment & OpinionUnilever’s management restructure signals the status quo is unlikely to hold
With results on 10 February, Unilever will need to put its best foot forward and try to demonstrate it is already turning the corner, says Warren Ackerman, head of European consumer staples research at Barclays
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NewsCD&R denies headhunting for David Potts successor
A Morrisons source is adamant there is no truth in the report that Potts intends to step down in two years’ time
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NewsWarburtons takes minority stake in non-HFSS cookie start-up Snackzilla
Warburtons has invested a six-figure sum in kids’ healthier snacking brand Snackzilla as part of its Batch Ventures bakery innovation fund
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NewsDistillery Eden Mill sells majority stake to investor Inverleith
The deal, for an undisclosed sum, would allow Eden Mill to “push forward” with the “ambitious build” of a new distillery at the mouth of the River Eden in St Andrews, said the brand
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Comment & OpinionWho is Nelson Peltz and what does he want with Unilever?
A titan in the activist hedge fund world, Peltz has plonked his tank on Unilever’s lawn