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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,
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.
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.
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 US Department of Justice (DOJ) filed a complaint and proposed consent decree alleging that Legends Hospitality Parent Holdings prematurely acquired beneficial ownership – often referred to as “gun jumping” – in connection with its proposed acquisition of ASM Global.
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.
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).
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.
announced this morning its acquisition of Boxed.com and “other intellectual property portfolios and affiliates” in an all-cash transaction. MSG says it will continue to serve Boxed customers, vendors and brands following the acquisition. based regional distributor MSG Distributors, Inc. ”
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. The Nasdaq-listed ride-hailing giant says the acquisition will allow Grab to provide a more extensive base of drivers.
b' E177: Serial Founder Max Koutny Shares His Entrepreneurial Journey and Acquisition Criteria - Watch Here rn rn About The Guest(s): Max Koutny is a serial entrepreneur and founder of multiple companies. He has experience in various industries, including architecture, specialty products, health and wellness, and organic skincare.
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.
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 (..)
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.
In today’s business landscape, mergers and acquisitions (M&A) are not just about profit and market share. Legal, reputational, and financial risks associated with environmental scandals, labor disputes, or governance failures can negatively impact the value of an acquisition.
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.
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.
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). Business acquisition is not merely about expansion; it’s a strategic reshaping of a food distribution company’s operational DNA.
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.
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!
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.
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.
GrubMarket, a B2B food marketplace that primarily sells to retail grocers, has become one of the most active buyers in food distribution M&A. Since its founding in 2014 the company has made north of 60 acquisitions, with the majority of those acquisitions focused on B2B produce distributors.
All-cash offer would dwarf 2008 takeover of Wrigley by Mars but could face scrutiny from watchdogs Mars, the chocolate to pet food group, has reportedly struck a $30bn (£23.4bn) deal to buy Kellanova, the maker of Pringles and Pop-Tarts.
Sun Acquisitions announces its latest sell-side engagement, representing a well-established catering business in operation for over 30 years and based in Illinois. 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.
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.
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.
Russia’s invasion of Ukraine sparked the largest armed conflict in Europe since World War II, creating a mass humanitarian crisis in Ukraine and the region, multiplying food and energy insecurity around the world, and exacerbating unresolved supply chain disruption caused by the coronavirus pandemic. Acquisitions of U.S.
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. Froneri’s origins date back to PAI’s acquisition of a large private label ice cream manufacturer, R&R.
Intrepid Investment Bankers Intrepid elevates Brian Levin to Co-Head of its Food, Beverage & Agriculture practice and hires Gavin Daniels as Managing Director Intrepid Investment Bankers announced today the expansion of its Food, Beverage & Agriculture (FBA) team.
Understanding Vertical Mergers A vertical merger involves a company integrating with another that operates within its own supply chain, either upstream (suppliers) or downstream (distributors). Anti-trust Issues: Especially in North America, regulatory scrutiny can delay or derail mergers that significantly alter market dynamics.
Benchmark International has successfully facilitated a transaction between Sunny Morning Foods, Inc. Fort Lauderdale, FL) and Burris Logistics (Milford, Delaware).
Sun Acquisitions is pleased to announce the successful sale of Custom Cylinders, Inc. These products are used for food packaging and processing, medical, printing, automotive, material handling systems and other applications. About Sun Acquisitions : Sun Acquisitions is a Chicago-based mergers and acquisitions firm.
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.
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. In a filing released on Thursday, Meituan announced that it will be fully acquiring Light Years Beyond for $233.7 million in cash. million debt.
Potential tie-up with meal-delivery firm Doordash was reportedly discussed but rejected in May Shares in the UK food delivery company Deliveroo have risen after reports that US rival Doordash held takeover talks with the business, with analysts suggesting other bidders could come forward in the coming weeks.
Shares in food company jump 13% after reports Advent is in early stages of preparing an offer Tate & Lyle could become the next UK company to fall to an overseas takeover offer, following reports that US private equity firm Advent International is preparing a bid for the group.
Benchmark International is pleased to announce Bidvest Branded Products Holdings' acquisition of Green Home Products. For over a decade, Green Home Products has blazed a trail in introducing environmentally friendly, compostable food packagings solutions, such as bagasse and plant-based bioplastic products, to the Southern African market.
Elliott, which owns the book chain Waterstones and has a controlling stake in the food chain Wasabi, raised its offer to between 65p and 70p a share, although this is likely to be rejected again by the Currys board, Sky News reported. Continue reading.
Benchmark International is pleased to announce the acquisition of James Hamilton Group by Zeus Group. It now has 51 locations worldwide, having embarked on a series of acquisitions since 2019. By joining forces with James Hamilton Group, Zeus will expand its current offering in the food and retail packaging sector.
Benchmark International is pleased to announce the acquisition of Walsall-based First Response by Slough-based Impact Futures. The acquisition of First Response serves as a bolt-on to Impact Futures learning programmes, expanding the company’s portfolio of training solutions for businesses and individuals.
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