Unilever has received a binding offer from US buyout fund KKR to purchase its global spreads business for €6.825bn ($8bn) following an auction in which it saw off competing bids from CVC Capital Partners, Apollo Global Management, Clayton Dubilier &...
The race is heating up for Unilever’s spreads business, which includes brands such as Flora and I Can’t Believe It’s Not Butter, with a number of bids purportedly coming in from private equity interests.
The acquisition of up-for-sale Ragu manufacturer Symington’s could be the key to unlocking the success of Premier Food’s non-core brands, according to city analysts, after reports of private equity interest in the businesses.
Consolidation in the food industry shifts down several gears as the global credit crisis cuts into financing opportunities for merger and acquisition activity and cash-rich firms with strong balance sheets sit and wait.
The summer season is traditionally not a time when much ink gets spread along the dotted line. But that hasn’t stopped the rumour mill working over time, with reports that Danisco may receive a bid from Apax and speculation over potential buyers of National...
Rumour, according to the Romans, is a feathered beast with a myriad eyes and tongues. Last week she went bristling through the Danish business pages, spreading the news that Danisco could be bought by a private equity firm.
Private equity backed, billion-euro deals in the food sector are
gone as the credit crunch impacts the landscape, but smaller
transactions will remain and today's difficult climate will throw
up acquisition opportunities for...
Cognis has refused to confirm reports in the German press that it
is in advanced discussions with three potential purchasers, but the
outcome of a strategic review will be made public before the end of
Mergers and acquisitions in Europe's food sector bounced back last
year, boosted by increased activity at the top end of the market
and the growing influence of ethical sourcing, according to
Ahold has completed the sale of another of its international units,
in Spain, adding €685 million to its bank balance as it continues
its restructuring in the wake of a €1 billion fraud scandal,
writes Chris Jones.