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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,
Food Venture Financing Trends - Fresh Del Monte, a fresh fruit and vegetable grocer, is buying a majority stake in Avolio, positioning itself in the growing avocado oil market, which is expected to expand from $637 million to a $1.2 billion business by 2032. By: Davis Wright Tremaine LLP
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.
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 - 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
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 - PepsiCo announced that is plans to acquire Poppi, a prebiotic soda brand, for $1.95 billion, which includes $300 million in tax benefits. 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
The New York Times: Mergers, Acquisitions and Dive
SEPTEMBER 10, 2024
Federal regulators are trying to block Kroger’s merger with Albertsons. In a Portland suburb, residents already know what deteriorating access to fresh food looks like.
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 […]
At the end of May, the Israel Competition Authority’s Director General published a consent decree with Mizra Delicacy Food Industries and Zilber Meat and Sausage Products Industries. Both companies agreed to pay approximately ILS 1.5 million to the State treasury for violating the Competition Law. By: Barnea Jaffa Lande & Co.
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.
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.
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
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.
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.
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
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
Revela was created via the 2016 merger of Welcome Dairy and Gamay Food Ingredients. The post New Heritage exits dairy flavor ingredients provider Revela Foods appeared first on PE Hub.
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
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).
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).
Late last year, Upper Crust announced a merger with College Chefs, another food service provider serving the Greek community. The post Copley invests in college food service firm Upper Crust appeared first on PE Hub.
Zomato, the Indian food delivery giant, has acquired the entertainment ticketing business of financial services firm Paytm for $244.1 million, signaling a strategic move to expand its “going out” offerings.
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. At the time, Boxed had more than 7 million registered users and reported it was close to profitability. ”
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.,
Astor Group, a consumer-based advisory firm and merchant bank, announced that Taguchi & Co. a prominent Japanese bakery, has acquired Astor Group’s portfolio company, Brooklyn Brands, a dessert manufacturer that develops and acquires Brooklyn-based bakeries.
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
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.
Explore the latest trends in the 2024 Global Consumer, Food, & Retail Industry Report. Read more to discover key insights from social commerce to same-day delivery and more.
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.
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.
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!
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