M&A – Page 36
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Analysis & FeaturesEight Fifty Food Group: how CapVest built and sold a £2bn protein business
CapVest has sold Eight Fifty Food to Canadian giant Sofina for about £1.2bn, less than two years after creating the group. How has it managed it?
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NewsVibrant Foods acquires Fudco as South Asian food portfolio grows
The family run London business complements Vibrant’s existing portfolio of ethnic brands, expanding its plant-based offering and strengthening its consumer reach.
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NewsUK-based CBD group Tenacious Labs launches with US acquisition
A UK-based global CBD group has launched today with the acquisition of a US direct-to-consumer operator and the promise of more acquisitions to come
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Analysis & FeaturesWhy Big Chocolate is snapping up healthier snacking brands like Grenade, Kind and Eat Natural
Mondelez is the latest chocolate giant to acquire a healthy snack bar brand, paying £200m for Grenade. Who’s bought what and why?
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NewsGü Puds £150m auction nears end as suitors circle
The sale by owner Noble Foods has attracted strong interest, with the bidders taken through to the final round of the process expected to pay upwards of £150m for the premium dessert maker, The Grocer has learned.
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NewsNomad expands frozen empire with Fortenova acquisition
Nomad Foods has agreed to acquire Fortenova’s Central and Eastern European-focused frozen food business for a total of €615m
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Comment & OpinionWhat does the CMA merger block mean for Seedrs and Crowdcube?
It’s hard to argue with the competition watchdog’s contention that a tie-up of the crowdfunding platforms would have lessened competition
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NewsYoung’s and Karro owner Eight Fifty Food Group acquired by Sofina Foods
Eight Fifty had been tipped for an IPO in the coming months to give the PE house, which also owns Valeo, an exit, but The Grocer understand Sofina swooped in ahead of the planned flotation
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NewsGrenade: ‘Mondelez takeover will supercharge us’
Grenade has set its sights on conquering the world with the backing of its new owner, US confectionery giant Mondelez.
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NewsDeal watchdog blocks Crowdcube and Seedrs merger over competition concerns
Following an in-depth phase 2 investigation, the Competition and Markets Authority (CMA) concluded in its provisional decision that the deal would reduce competition and innovation.
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Big InterviewsRoger Burnley big interview: the outgoing Asda CEO on five years ‘spinning two plates’
Roger Burnley’s tenure at the helm of Asda has been full of distraction and change. So as he prepares to step down, what does he think his legacy will be?
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NewsGeneral Mills returns European Yoplait business to Sodiaal
The group has sold its 51% controlling stake in exchange for full ownership of the Canadain Yoplait business
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NewsMondelez adds to UK snacking portfolio with acquisition of Grenade
The terms of the deal were not disclosed but Mondelez’s significant majority stake is understood to have valued the protein bar supplier at around £200m.
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NewsMoju boasts UK first as VC arm of Danone leads £2.5m investment
It is the first investment in a UK-based business for Danone Manifesto Ventures, which launched in 2016 and backs innovative food and food-tech companies.
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NewsRoger Burnley: running Asda during Covid and takeover like ‘spinning two plates at once’
The Asda CEO announced yesterday he would be standing down next year
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NewsAsda CEO Roger Burnley to step down
He will leave the business next year following its takeover by the Issa brothers and TDR Capital
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NewsThe Cheesecake Shop to rebrand after MBO
The buyout, led by Neil Blakeman and Dillan Shikotra, includes eight retail stores across the region, as well as the bakery in Nottingham.
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Comment & OpinionHow fmcg is using M&A to achieve sustainability objectives
Strategic M&A offers a suitable and agile bridge to achieving sustainability targets, says KPMG’s Nicola Longfield
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NewsMeatless Farm weighs up move into lab-grown meat market
The growth of lab-grown meat was “an inevitable part of the transition away from animal protein”, said Meatless Farm founder Morten Toft Bech
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NewsUlrick & Short snapped up by Swedish investment house Novax
Based in Yorkshire, Ulrick & Short supplies food manufacturers with a wide range of clean label and plant-based ingredients.