M&A – Page 40
-
NewsCity snapshot: Tesco investors set for £5bn payout as Asia sale readies for completion
Tesco, which last week announced it was returning £585m of business rates relief, has this morning confirmed the $10.6bn sale of its businesses in Asia and a special dividend payment of £5bn. Plus, a pre-close trading update from British American Tobacco, and Nestlé Purina PetCare is set to invest $550m to expand its petfood manufacturing facility in Georgia, creating up to 130 jobs.
-
NewsCMA launches probe into Asda takeover by Issa brothers
The proposed £6.8bn takeover by brothers Mohsin and Zuber Issa was announced in October
-
NewsIt’s All Good explores sale as tortilla chips demand soars
The Gateshead-headquartered supplier has been backed by PE firm NVM since 2014 following a £3.5m minority investment
-
NewsCity snapshot: Tate & Lyle buys US stevia producer Sweet Green Fields
Tate & Lyle has agreed a deal to acquire $50m stevia ingredients company Sweet Green Fields to take full ownership of current partner.
-
NewsBeer52 and Virgin Wines explore options as sales rise
A surge in online sales of alcohol during lockdown has attracted investor interest
-
Analysis & FeaturesWhy is Noble selling Gü and who is lining up to buy it?
A bidding process for the pudding brand is expected to top £100m
-
NewsCity snapshot: Nestlé agrees sale of China-based peanut milk brand Yinlu
Nestlé has agreed to sell its China-based Yinlu peanut milk and canned rice porridge businesses to Food Wise Co for an undisclosed sum
-
Comment & OpinionCamden Town Brewery faces identity challenge following full AB InBev integration
AB InBev has done wonders for Camden’s reach. But, as two senior figures take a back seat, the brewer could risk losing its independent character
-
Analysis & FeaturesWhat will PAI do with Addo and Winterbotham Darby?
The PE firm aims to create the UK’s best value-added chilled food company
-
NewsLDC exploring sale of Hill Biscuits after investment boosts
The private equity firm has engaged Clearwater International to explore its options
-
NewsQueen’s ham supplier Dukeshill Ham Co bought by PE player GC Investment Partners
Neale and Sarah Hollingsworth, who have led the fine foods business since 1998, will remain with the business and work alongside the new owners
-
NewsMindful Chef predicts surge in demand after sale of stake to Nestlé
CEO Tim Lee told The Grocer turnover had surged to £50m during the coronavirus crisis
-
NewsPAI unites Addo and Winterbotham Darby
The two businesses will continue to run independently for the time being, but will be brought together at a later date
-
NewsCMA fast-track Crowdcube merger with Seedrs straight to in-depth phase 2 investigation
The UK’s competition watchdog has kicked off an in-depth investigation into the merger of crowdfunding platforms Crowdcube and Seedrs after finding causes for concern.
-
NewsFormer Godiva CEO buys majority stake in Artisan du Chocolat
Artisan employs 80 staff in the UK at its workshop in Kent and at three retail boutiques in London
-
NewsNomad Foods unifies Findus with €110m Switzerland deal
The transaction unifies the Findus brand across Europe under the Nomad umbrella
-
NewsEG Group expands US network with acquisition of Schrader Oil
The business operates 18 convenience retail stores and fuel stations in Northern Colorado and employs 150 staff
-
NewsPAI Partners swoops for Addo Food Group and Winterbotham Darby
Addo Food Group and olives and antipasti supplier Winterbotham Darby have been snapped up in a joint chilled foods acquisition for an undisclosed sum
-
NewsNestlé buys Mindful Chef to bulk up direct-to-consumer portfolio
Nestlé has acquired a majority stake in recipe kit business for an undisclosed sum to beef up its direct-to-consumer offering in the UK
-
NewsCity snapshot: MPM snapped up by 3i Group in £125m deal
Premium pet food manufacturer MPM has been sold by ECI Partners to private equity investor 3i Group as the flurry of deals in the petcare space continues. Plus, Nestlé has acquired a majority stake in recipe kit business Mindful Chef for an undisclosed sum. And the FTSE 100 rallies after news of a victory for President-Elect Joe Biden.