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billion, food delivery and supply chain startup backed by Tiger Global, BlackRock and nearly 100 other investors, has snapped up another food delivery startup on its consolidation march: It is acquiring FreshGoGo, a New York-based, B2C platform selling Asian groceries and ready-made dishes. GrubMarket, the $3.6-billion,
2023 was a pivotal year for the beverage and food industry globally, creating new categories of winners and losers across the board. With a full year of operations largely relieved of pandemic-era restrictions, restaurant companies that survived the pandemic posted record numbers.
Food Venture Financing Trends - Rebel Foods, Wendy's India franchisee and cloud kitchen operator, announced that it raised $210 million in its Series G financing. By: Davis Wright Tremaine LLP
based in Brazil, is one of the largest global food companies. This week's featured corporate venture and private equity fund is BRF S.A. - It has nearly 100,000 employees working out of 120 countries. By: Davis Wright Tremaine LLP
Food Venture Financing Trends - Celsius has announced that it is purchasing Alani Nu, an energy drink brand, for $1.8 billion in cash and stock. By: Davis Wright Tremaine LLP
Food Venture Financing Trends - Ferrero announced that it plans to buy Power Crunch, a protein snacks brand, for an undisclosed sum. By: Davis Wright Tremaine LLP
Food Venture Financing - Trends Lever VC announced that it completed a first close of $50 million for a new fund dedicated to early stage agrifoodtech startups. By: Davis Wright Tremaine LLP
Food Venture Financing Trends - Formo, a fermentation startup that develops alternative cheeses, announced that it raised $61 million in its Series B round. By: Davis Wright Tremaine LLP
PepsiCo announced that it will acquire Siete Foods, a popular Mexican-American food brand, for $1.2 Mondelēz International’s corporate venture capital arm has announced that it purchased a minority stake in Urban Legend, a UK-based fresh doughnut and pastry business, for an undisclosed sum. By: Davis Wright Tremaine LLP
Food Venture Financing Trends - Nongshim, a South Korean food and beverage company, announced that it is investing $7.4 million in developing foodtech startups and technologies. By: Davis Wright Tremaine LLP
Food Venture Financing Trends - - Ferrara Candy announced that it plans to buy Jelly Belly Candy, the prominent jelly bean business, for an undisclosed amount. Tyson Foods announced that it plans to make a strategic minority investment in Protix, an insect protein startup company. By: Davis Wright Tremaine LLP
The food industry is generally considered recession-resistant and less susceptible to economic downturns than other sectors, making it an attractive investment for private equity firms seeking stable returns.
M&A is proving popular with companies looking to reinvigorate their portfolios and adapt to shifting consumer demands - The North American food sector is experiencing a period of transition.
French grocery delivery startup La Belle Vie is acquiring Frichti, another food delivery service that was placed under court-ordered receivership. This is yet another chapter in the tumultuous story of quick commerce and food delivery […]
The New York Times: Mergers, Acquisitions and Dive
SEPTEMBER 10, 2024
In a Portland suburb, residents already know what deteriorating access to fresh food looks like. Federal regulators are trying to block Kroger’s merger with Albertsons.
Venture capital can be a vital source of funding and support for emerging companies in the healthy food and beverage space. In addition to providing capital, venture capitalists may offer strategic guidance, networking opportunities, and market expertise.
Like the broader market, the food and beverage industry had its challenges in 2024, from inflation impacting consumer spending to interest rates limiting growth and spending. Yet the food and beverage industry is nothing if not resilient and despite the years challenges, there were bright spots including dealmaking.
Food Venture Financing Trends - DouxMatok, a foodtech company that develops sugar reduction products, announced that it raised $30 million in its Series C round. By: Davis Wright Tremaine LLP
Sainsbury’s says UK food inflation falling as sales rise By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to fall as a return to volume growth helped power a 9.8% rise in quarterly underlying sales.
"We believe renewed consumer attention on the role of processed foods in the public health crisis is just getting started," said TD Cowen's Robert Moskow.
Oritain, a forensic traceability business that tracks the origins of food and textile products, announced that it raised $57 million in its Series C round. a global meat producer, announced that it plans to go public in the US by listing shares on the NYSE. JBS also plans to go public on the São Paulo Stock Exchange in Brazil.
(“IMCD” or “Company”), a global leading distribution partner, and formulator of speciality chemicals and ingredients, today announces that IMCD Colombia has signed an agreement to acquire the distribution business of Joli Foods S.A.S. Joli Foods”) to expand its food and nutrition business and product portfolio.
Carrefour sticks price warnings on food to shame suppliers By Dominique Vidalon PARIS (Reuters) – French supermarket chain Carrefour has slapped price warnings on products from Lindt chocolates to Lipton Ice Tea to pressure top consumer goods suppliers Nestle, PepsiCo and Unilever to reduce inflation ahead of much-anticipated contract talks.
M&A in the agricultural sector received a boost in the first quarter of 2024. Deal value rose by more than 600 percent year on year from US$820 million in the first quarter of 2023 to US$5.87 billion in the first three months of this year. By: White & Case LLP
The problem is our monopolised food system. Think of it as a vast profit machine shaped like an hourglass, with many food producers at the top, millions of consumers at the bottom, and a few dominant firms – such as giant supermarkets or global food traders – clustered at its narrowing neck, siphoning a cut from the passing traffic.
Keurig Dr Pepper announced that it plans to acquire GHOST, an energy drink brand, for $1 billion. Smucker will plan to sell its Voortman cookie business to Second Nature Brands for $305 million. By: Davis Wright Tremaine LLP
Duckhorn Portfolio, a luxury wine company, announced that it was being acquired by Butterfly Equity, a Los Angeles-based private equity firm, for $1.95 billion in a cash transaction. Moët Hennessy, the luxury wine and spirits producer, announced a minority investment in French Bloom, a nonalcoholic sparkling wine brand.
The proposed final judgment requires Legends, a global venue services company providing food and beverage services in stadiums and other venues, to pay a $3.5 million penalty, as well as retain an antitrust compliance officer, By: Cooley LLP
Infinite Roots, an alternative protein foodtech startup that focuses on mycelium fermentation, announced that it raised $58 million in its Series B round. Elo Life Systems, a foodtech company that develops a natural high-intensity sweetener, announced that it raised $20.5 million in its Series A2 round. By: Davis Wright Tremaine LLP
The post CD&R to acquire snacks food maker Shearer’s Foods appeared first on PE Hub. As part of the deal, Ontario Teachers’, Shearer’s existing majority shareholder, will exit its position in the company.
Antitrust and Competition - The European Commission Opens an Investigation into Alleged Market Allocation and No-Poach Agreements in the Online Food Delivery Sector - On 23 July 2024, the Commission opened an antitrust investigation against two large online food delivery companies (Companies) in the European Economic Area (EEA).
Summit Hill Foods owns brands including Better Than Bouillon and The Original Louisiana Hot Sauce. The post EagleTree Capital scoops up food company Summit Hill Foods appeared first on PE Hub.
Key Companies in Food Flavors Market are Givaudan SA (Vernier, Switzerland), International Flavors and Fragrances (New York, U.S.), Symrise AG (Holzminden, Germany), Sensient Technologies Corp (Wisconsin, U.S.), Firmenich (Geneva, Switzerland), Archer-Daniels-Midland Co. Illinois, U.S.), Illinois, U.S.),
No Man's Land Foods will continue to be led by CEO Pete Dillingham, President Clint Beagley, and the existing leadership team. The post Bansk Group buys beef jerky provider No Man’s Land Foods appeared first on PE Hub.
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