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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,
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.
Our M&A team is honored to have represented clients in some of the most compelling transactions in 2023—from advising SoftBank on two acquisitions of public companies in the robotics space, to partnering with sustainable food chain investing firm Paine Schwartz Partners and Special New Fruit Licensing (SNFL) on SNFL’s combination with International (..)
At a recent Food and Drug Law Institute (FDLI) conference, Arun Rao, Deputy Assistant Attorney General for the US Department of Justice’s (DOJ’s) Consumer Protection Branch (CPB), reiterated DOJ’s “Safe Harbor Policy” with respect to mergers and acquisitions (M&A).
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.
August 01, 2024: SEAM Group, a B2B business products and services company that provides safety, reliability, maintenance, and enterprise asset management services in the hospitality, food processing, and pharmaceutical industries, was acquired by ABB for an undisclosed amount.
April 22, 2024: CryoWorks manufactures and provides cryogenic piping systems intended to serve its clients in the aerospace, defense, clean energy, food and beverage, semiconductor, electronics, and automotive sectors. The company reached a definitive agreement to be acquired by Crane Company.
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
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 […]
As an emerging growth company in the healthy food & beverage (F&B) space, you might rightfully think, “My company is too young to consider either buying another company or selling to another company.” And depending on what product(s) you sell and the current competitive landscape, you might be right. By: Foley & Lardner LLP
Zomato, the Indian food delivery giant, has acquired the entertainment ticketing business of financial services firm Paytm for $244.1 The acquisition, among the largest M&A deals among new-age Indian tech companies, includes Paytm’s ticketing services for movies, sports and events.
Given the Canadian government’s increasing scrutiny over M&A activity in the food, transportation and critical infrastructure sectors, Canadian businesses operating in these sectors should plan accordingly and remain prepared for the possibility of scrutiny and longer regulatory review timelines. By: Stikeman Elliott LLP
In the dynamic landscape of food distribution, evolving consumer preferences have increasingly leaned towards health and wellness products. Mergers and acquisitions (M&A) have become a strategic tool for food distributors to achieve this diversification rapidly and efficiently.
The commercial food distribution industry is at a pivotal crossroads. A tactical maneuver gaining traction is the consolidation of operations through mergers and acquisitions (M&A). In this high-stakes environment, M&A emerges as a pivotal tool. In this high-stakes environment, M&A emerges as a pivotal tool.
GrubMarket, a B2B food marketplace that primarily sells to retail grocers, has become one of the most active buyers in food distribution M&A. Why is GrubMarket, a technology company, buying up B2B food distributors? Why is GrubMarket, a technology company, buying up B2B food distributors?
Related research from the Program on Corporate Governance includes Are M&A Contract Clauses Value Relevant to Target and Bidder Shareholders? After a record-shattering year for M&A in 2021, a crescendo that built over a decade, powered by unique pandemic conditions, 2022 was, statistically, a reversion to the mean.
The food distribution industry is at a critical juncture, grappling with labor shortages that threaten the stability and efficiency of supply chains. The Role of M&A in Addressing Labor Shortages M&A offers a strategic avenue for food distribution companies to acquire technological solutions to mitigate labor shortages.
In Q3 2024, 113 transactions were announced in the food and beverage industry, continuing a trend of steady deal volume across segments and reflecting a 25% increase in M&A activity on a year-over-year basis. The post Food & Beverage 3Q 2024 Report appeared first on FOCUS. DOWNLOAD THIS REPORT.
In 2021, Boxed completed a reverse merger, acquiring Seven Oaks Acquisition in a $900 million SPAC deal in order to begin trading on the NYSE under the ticker symbol BOXD. -based regional distributor MSG Distributors, Inc. MSG says it will continue to serve Boxed customers, vendors and brands following the acquisition.
As ancillary costs drive up the operating expenses of smaller food distributors, many are turning to mergers and acquisitions (M&A) as a strategic solution. The Challenge of High Operating Expenses The food distribution industry is notorious for thin margins and high operational costs.
2Q 2024 M&A Report : The second quarter brought a slight uptick in Food & Beverage deal volume, offering a positive signal as M&A markets recover from the declines observed in 2023. DOWNLOAD THIS REPORT The post Food & Beverage 2Q 2024 Report appeared first on FOCUS.
22, 2023 (GLOBE NEWSWIRE) -- via IBN --Nate's Food Co. ( OTC: NHMD ) is excited to announce the successful execution of an agreement to acquire JP Energy Group, a Food Jobber Company. HUNTINGTON BEACH, Calif.,
Examples of passion markets include fishing, golf, health, travel, outdoor activities, sports, and food. yeah. -Ron Concept 1: Grow From Nothing To Giant The idea of growing from nothing to a giant is one that many people dream of. For Michael Fink, co-CEO of Treasure Hunter, this dream became a reality. billion monthly users.
Intrepid Investment Bankers Food, Beverage & Agriculture Sector Update – Winter 2024 We’re excited to present our latest sector update highlighting key themes we are tracking across food and beverage categories in 2024! Consider these insights for the year ahead!
The Art of M&A® / Financing and Refinancing An excerpt from The Art of M&A, Fifth Edition: A Merger, Acquisition, and Buyout Guide by Alexandra Reed Lajoux Can a buyer always finance all or part of a transaction through partial divestments or spin-offs? Not necessarily.
A leading provider of commercial food-service furniture solutions initiates sell-side engagement managed by Sun Acquisitions. Sun Acquisitions, a Chicago-based mergers and acquisitions firm, will oversee the sell-side engagement. About Sun Acquisitions Sun Acquisitions is a Chicago based mergers and acquisitions firm.
On August 28, 2015 , the Delaware Court of Chancery found the controlling shareholder-CEO and General Counsel of Dole Food Co. By taking these actions, Murdock and Carter deprived the Committee of the ability to negotiate on a fully informed basis and potentially say no to the Merger.
To mitigate these risks and build more resilient supply chains, companies are increasingly turning to strategic mergers and acquisitions (M&A). To mitigate these risks and build more resilient supply chains, companies are increasingly turning to strategic mergers and acquisitions (M&A).
Singapore’s ride-hailing and food delivery company Grab has signed an agreement for its car rental unit Grab Rentals to acquire Trans-cab , the city-state’s third-largest taxi operator. ” Founded in 2003, Trans-cab started with a fleet of 50 taxis and tried to go public twice.
In today’s business landscape, mergers and acquisitions (M&A) are not just about profit and market share. Sustainability and ESG have become pivotal considerations in M&A deals, transforming how organizations evaluate, structure, and execute these transactions.
Streamlining Integration Management Office (IMO) for Better Efficiency Mergers and Acquisitions (M&A) are complex undertakings that require careful planning and execution. One of the critical components of M&A is the Integration Management Office (IMO). Don’t have time to read the full article? Get a copy to-go.
In business, mergers and acquisitions are often perceived through the lens of financial transactions and corporate strategy. Far from being mere business deals, mergers can be seen as an art form—an intricate dance of collaboration, innovation, and transformation to build more robust, resilient entities.
Most M&A agreements include specific performance provisions that allow either party, under certain circumstances, to seek to have a court force the other party to comply with its contractual obligations. Delaware courts have established a framework for parties seeking specific performance through a trial in the Delaware Court of Chancery.
Unlock the potential of the dairy market by embracing change and innovation in an evolving industry For business owners in the food and beverage industry, the dairy market presents both challenges and opportunities. Who Are The Buyers in Dairy Products M&A? over the next three years, according to Euromonitor. CAGR through 2027.
Simplifying the M&A process with a well-vetted team When it comes to mergers and acquisitions, your investment banker shouldn’t be the only member of your team you are closely vetting. A great M&A team should also be made up of a great set of attorneys—both inside and outside your organization. in the winter of 2024.
Benchmark International has successfully facilitated a transaction between Sunny Morning Foods, Inc. Fort Lauderdale, FL) and Burris Logistics (Milford, Delaware).
Washington, DC, (July 27, 2023) – FOCUS Investment Banking (“FOCUS”) a national middle market investment banking firm providing merger, acquisition, divestiture, and corporate finance services, is thrilled to announce its exceptional achievement of being named #1 on Axial’s second quarter 2023 lower middle market investment bank league table.
Max is currently searching for new acquisition opportunities in the health and wellness, personal care and beauty, food and beverage, specialty chemicals, and alternative energy sectors. He has experience in various industries, including architecture, specialty products, health and wellness, and organic skincare.
Schaumburg, Illinois – August 21, 2024 – Sun Acquisitions, a leading mergers and acquisitions firm headquartered in Chicago, is pleased to announce the successful sale of Petersen International Furniture to Commonwealth Initiatives LLC. Sun Acquisitions played a crucial role in facilitating this transaction.
Sun Acquisitions, a renowned mergers and acquisitions firm based in Chicago, will oversee the sell-side engagement which will be led by senior advisor Kevin Collins. Having successfully managed engagements across diverse industries, Sun Acquisitions is recognized as a leading M&A advisory firm in the Midwest.
But what happens when they transpire during the gap period between signing and closing an M&A transaction? Some 95% of M&A deals include a MAC out. Lawsuits get filed. And disasters happen. Such are the vicissitudes of business. describe key cases that provide important context for the preparation of MAE clauses.
Periculum was engaged to advise on the sale of the business by the owner, John Cory, due to Periculum’s extensive food and ag expertise. Periculum’s customized process included contacting strategic buyers in the niche food ingredient market, and the broader grain and commercial mixes markets.
The acquisition came shortly after Meituan announced Wang Huiwen was resigning from all his corporate roles at the food delivery giant due to health reasons. One of China’s most highly anticipated artificial intelligence startups is undergoing a significant change of direction. million in cash. million debt. million in debt.
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