more m&a news and analysis – Page 6
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News
City snapshot: Unilever sells Elida Beauty brands to US private equity firm
Unilever has agreed to sell its Elida Beauty business to US private equity player Yellow Wood Partners
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News
LDC exits Cakesmiths as European bakery steps in
Handmade cakes supplier Cakesmiths has been acquired by European frozen pastries group Onore, providing private equity backer LDC with an exit
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Christmas deadline set to find buyer for collapsed VBites
Administrators are racing to find a new buyer for Heather Mills’ vegan brand VBites before a Christmas deadline following its collapse into administration
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City Snapshot: SSP Group increases global footprint with Canada acquisition
SSP Group has announced a further expansion in its geographic reach with a deal to acquire a Canadian food airport operator and will also open further units in Saudi Arabia
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Comment and Opinion
The CMA is reviewing its merger process. Here’s what it means
The CMA has made meaningful changes to its phase two process for the first time in a decade, say Tom Clare, managing associate, antitrust & foreign investment, and Mona Zhang, trainee solicitor, antitrust & foreign investment at Linklaters
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News
Deliciously Ella buys Milton Keynes factory out of administration
The 15,000 sq ft site, formerly owned by Green Way Foods, has been one of the brand’s core suppliers since it launched in 2016
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News
Boots owner explores potential London IPO
The US owner of Boots is once again exploring options to sell off the UK pharmacy chain, including the possibility of a flotation on the London Stock Exchange
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News
East London Liquor Co sold in pre-pack administration deal
Existing board members have agreed terms to purchase the distillery, after it was placed into adminstration
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News
Last-mile platform Stuart teases new year grocery growth following acquisition
Stuart UK general manager John Gillan said the company’s growth in the sector would be driven by supermarkets developing their own quick delivery channels
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News
Bacardi adds Teeling Whiskey to UK portfolio after upping ownership stake
The Patrón Tequila owner will take on distribution of Teeling in markets including the UK, the Netherlands, Germany and Austria
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News
Newlat confirms Princes talks as process reaches ‘advanced’ stage
Italian food group Newlat has confirmed it is one of the parties vying to acquire canned food giant Princes
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News
Assisi Group buys Burns Pet Nutrition following PE investment
Assisi Pet Care Group has made its first acquisition since receiving US private equity investment earlier this year
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News
Framptons targets UK oat milk sector after buyout by Profura
Framptons has set it sights on becoming the number one player in the UK oat milk category after a buyout by a Swedish investment firm secured the contract manufacturer’s future, its new boss has told The Grocer.
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News
EG Group sells UK KFC franchise to Yum Brands
EG Group has sold its 218 KFC franchise restaurants in the UK to KFC owner Yum Brands to continue to pay down debt
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News
Wholebake sells Deeside Cereals to Weetabix in turnaround attempt
Snack maker Wholebake has sold its own-label cereal business to Weetabix in a drive to simplify operations as part of a turnaround effort
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News
Müller consulting over closure of Hanworth glass bottling site after Milk & More sale
The move follows Müller’s sale of Milk & More to Freshways last week
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News
THG buys skincare brand Biossance for ‘less than nothing’
A five-hour bidding process saw THG secure Biossance’s IP, inventory and debtors with a book value of $29m
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News
Wilko back on UK high streets as first new stores open
The stores, in Plymouth and Exeter, are the first two of five planned by CDS Superstores, which bought the brand from administrators in September
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News
Framptons aims to be leading oat milk supplier after takeover by Swedish investment firm
Contract manufacturer Framptons has secured its future after being taken over by a Swedish investment company
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News
2 Sisters hunts buyer for Gunstones hot cross bun bakery
2 Sisters Food Group has hired bankers to find a new home for its hot cross bun bakery in Derbyshire as part of continuing efforts to offload non-core assets.