M&A – Page 38
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NewsPeak Rock Capital invests in packaging firm AMB
Private equity investor Peak Rock Capital has acquired Italian packaging specialist AMB alongside the company’s founders, current owners and management team
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NewsM&A deals rebound in fourth quarter as COVID freeze thaws
Food and drink M&A rebounded sharply at the end of 2020 as pent-up demand, optimism over post-coronavirus economic recovery and potential tax hikes encouraged deal activity
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NewsConcerns raised over Asda deal debt
The Issa brothers aim to fund the buyout of Asda using around £3.7bn of junk-rated debt
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NewsCertas Energy acquires seven forecourts in north east England
The portfolio of forecourts span Bishop Auckland, Crook, Howden-le-Wear, South Shields, Stockton, West Rainton and Witton Gilbert
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Analysis & FeaturesWill Valeo Foods have any biters at £1.5bn?
Reports indicate a £1.5bn price tag on Valeo Foods – but is the timing right for a sale?
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NewsCity snapshot: EG Group to buy Asda forecourts for £750m
The Issa brothers and TDR capital have announced a financing package to underpin their £6.8bn acquisition of Asda from Walmart, which includes plans to sell the supermarket’s forecourts business and certain distribution assets. Plus, Jeff Bezos to step down at Amazon and all the rest of the latest news from the City.
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NewsJW Filshill acquires Eldorado Wines as it eyes growth through diversification
The new business stream will operate under a subsidiary, Differentiator Brands
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NewsReckitt venture arm invests £4m in Indian male grooming player
Reckitt Benckiser’s venture division has led a £4m funding round in Indian-based Bombay Shaving Company.
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NewsPepsiCo and Beyond Meat launch ‘win-win’ Planet Partnership joint venture
The move will also see the consumer goods giant launch a new range of sustainable, ethical products
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NewsPots & Co lines up US expansion with General Mills cash
The investment arm of General Mills, 301 Inc, has invested an initial £5m into Pots & Co to help fund its US and range expansion
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Analysis & FeaturesWhat Stuart Rose brings to EG Group
Analysts have welcomed the appointment of the former Ocado chairman and CEO of M&S
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NewsCity Snapshot: Pots & Co receives £15m boost from General Mills’ venture arm
Posh pudding brand Pots & Co is eyeing a scale-up of its US operations and expansion of its savoury ranges after receiving multimillion-pound backing from the venture capital arm of food giant General Mills.
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Comment & OpinionBeyond Meat and PepsiCo’s Planet Partnership has big mutual benefits
The new company will combine Pepsi’s marketing expertise and commercial heft with Beyond’s plant protein savvy
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NewsPepsiCo creates plant-based joint venture with beyond Meat
PepsiCo has teamed with Beyond Meat to take advantage of the booming meat alternatives market and develop a host of new plant-based snacks and drinks.
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NewsDhamecha Cash & Carry buys Leyton depot from TRS
The site in East London is set to become Dhamecha’s 10th cash & carry
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NewsProper joins forces with Eat Real in new Exponent healthier snacking play
A new company to combine Proper with its Eat Real brand will be created by Exponent under a new joint CEO
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NewsF&B deals sink to 11-year low as coronavirus pandemic hits industry
Despite encouraging signs of recovery in the final months of the year, M&A volumes slumped 40% to 58 transactions in 2020, the report by corporate finance house Oghma Partners showed.
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NewsAscona Group takes estate to 50 with latest acquisition
The forecourt operator completed the purchase of the BP branded Anker Service Station in Nuneaton today
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NewsHain Celestial sells Orchard House juice business to private equity firm Elaghmore
Hain Celestial has sold its Orchard House own label juice business to private equity firm Elaghmore as it continues to simplify its European portfolio.
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Comment & OpinionTesco M&A might sound like a wild prediction, but supermarkets are in play for all sorts
If anyone had predicted last January that Tesco would grow at double Aldi’s rate in 2020 you would have laughed