All Mergers and acquisitions articles – Page 59
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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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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.
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NewsVibrant Foods expands into chilled with acquisition of Everest Dairies
Vibrant was created in 2020 as a platform to consolidate the Asian and free-from markets
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NewsCBD oil brand Dragonfly scales up with factory deal
CBD oil producer Dragonfly Biosciences has taken over full ownership of Premium Extraction Services, which runs a large-scale ethanol extraction facility.
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NewsCity Snapshot: Deliveroo narrows losses ahead of £7bn IPO
Surging demand for takeaways during 2020 has helped Deliveroo narrow losses as transactions on the food delivery app soared, the group said this morning as it prepares for an upcoming £7bn IPO.