more m&a news and analysis – Page 4
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News
Compleat Food Group acquires SK Foods and Zorba Foods
The two businesses specialise in private-label chilled party foods, dips and deli fillings, and have a combined turnover of more than £160m, with in excess of 1,150 employees
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Accolade Wines taken over by Bain-led consortium
The deal brings an end to five years of ownership by US-based investment group Carlyle
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Morrisons boss Rami Baitiéh claims ‘strong progress’ as forecourt sell-off dominates Q4 results
Rami Baitiéh today claimed the supermarket had made “strong progress” in its fightback after announcing like-for-like sales for the year were up by 1.8%
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Morrisons 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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Deliveroo 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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North 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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‘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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Breal 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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Heather 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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Princes 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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Yeo 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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Regal 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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Vegan 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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LDC-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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M&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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Panicium acquires The Bury Black Pudding Company
Food group Panicium has acquired The Bury Black Pudding Company for an undisclosed sum
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City 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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Milk & 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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Charles 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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TDR 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