All Mergers and acquisitions articles – Page 49
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NewsUnilever offloads global tea business to CVC in €4.5bn deal
The European private equity firm saw off competition from rival investment houses Advent and Carlyle in an auction that concluded yesterday afternoon. Unite called for urgent talks with Unilver about the sale.
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NewsUFit seeking funding for expansion plans
The process is still in its early stages, with advisors at Stamford Partners having sent out a teaser document to a range of potential buyers and investors
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NewsJBS to build lab-grown meat research centre after buying Spanish startup
The Brazilian meat giant is spending $100m on the venture, with the aim of products hitting the market by 2024
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NewsCity Snapshot: Unilever sells global tea business to CVC Capital Partners for €4.5bn
Unilever’s tea business, Ekaterra, is home to a portfolio of 34 brands, including PG Tips, Lipton and Pukka.
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NewsPilgrim’s UK snaps up lamb processor Randall Parker Foods
The pork giant said the acquisition would allow it to bring its exisitng lamb business together as one vertically integrated operation
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NewsHeineken to move into wine and spirits with €4bn southern African play
The Dutch brewer has unveiled plans to form a €4bn African drinks giant with the takeover of Distell and Namibia Breweries
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NewsNomadic Dairy acquired by Irish investors in €29m deal
BiaVest will hold 54% of the County Donegal-based producer, while Development Capital have taken the remaining share.
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NewsGlanbia exits milk category to focus on core business
Glanbia is set to exit the dairy sector to focus on growing its core ingredients and nutrition divisions after agreeing a deal to sell its 40% stake in Ireland’s biggest milk processor.
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NewsFodaBox attracts multimillion-pound PE investment
Logistical services provider FodaBox has secured £2.1m in private equity backing to help expand the business.
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NewsCMA launches investigation into Ranjit Boparan’s acquisition of Banham Poultry
The founder of 2 Sisters Food Group struck an agreement to acquire the Norfolk-based chicken processor through his private family office last month
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NewsEG Group expands US empire with Sprint acquisition
The deal – for a reported $300m – pushes the Blackburn-headquartered group into two new states taking its presence in the US to more than 1,750 sites across 33 states.
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NewsFix8 kombucha rescued from liquidation by sale to Global Tea
The two businesses were a “natural alignment”, said Fix8 founder Freya Twigden
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NewsCoca-Cola agrees $5.6bn takeover of sports drinks brand BodyArmor
Coca-Cola has taken full control of sports drinks group Body Armor for $5.6bn (£4.1bn) after identifying further “significant potential” for long-term growth.
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NewsCity Snapshot: Coca-Cola lines up full BodyArmor takeover
Coca-Cola is set to take full control of US sports drink company BodyArmor for $5.6bn.
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NewsFood & drink sector headwinds keep the lid on M&A activity
Food and drink M&A volumes remained relatively subdued in the third quarter as mounting headwinds constrained dealmaking in the sector.
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NewsCompetition watchdog opens investigation into £7.1bn CD&R takeover of Morrisons
Any issues for the CMA are likely to centre around Morrisons’ forecourt operations and the CD&R-owned Motor Fuel Group
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NewsCity snapshot: Hilton Food Group buys Fairfax Meadow for £23.8m
Hilton Food Group has acquired the entire share capital of UK-based foodservice meat supplier Fairfax Meadow Europe from Argent Food Group for £23.8m.
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NewsBiscuit International strikes 'landmark' deal with acquisition of Continental Bakeries
Biscuit International has acquired Continental Bakeries as the PE-owned group strengthens its position as one of the biggest players in the European private label biscuit market.
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NewsMorrisons ends 54-year run as public company as CD&R takes control
Morrisons has officially ceased trading as a publicly listed company after more than 50 years on the London Stock Exchange
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NewsCity snapshot: Sainsbury’s scraps £200m sales process for banking arm
Sainsbury’s has announced it has halted talks around a possible £200m sale of its financial services arm. Plus, UK retail sales fall in September and Rémy Cointreau sales bounce back.