Alpha Wave Global, an offshoot of Tiger Global Management, has made a binding offer to buy a sliver of Haldiram Snacks Food, India’s largest snack and convenience foods company, for more than a billion dollars, said...
Cadbury-owner Mondelez exploring Hershey acquisition, Bloomberg News reports
Cadbury-parent Mondelez International is exploring the acquisition of chocolate maker Hershey, Bloomberg News reported on Monday, citing people familiar with the matter, in what would create one of the world’s...
Slim Jim maker Conagra exploring sale of Chef Boyardee, sources say
Conagra Brands, the maker of Slim Jim beef jerky and Healthy Choice frozen meals, is looking to sell its popular canned pasta brand Chef Boyardee, according to people familiar with the matter. The Chicago, Illinois...
Adani Wilmar said to defer stake sale amid US bribery charges
Adani Enterprises Ltd. and Wilmar International Ltd. are said to delay a proposed sale of at least 12% in their Indian food venture after a US bribery indictment against the billionaire founder Gautam Adani, according...
Blackstone eyes 20% stake in Haldiram’s snacks at $8 billion valuation, sources say
Blackstone has dropped plans to acquire a majority stake in the snacks business of India’s Haldiram’s but is now discussing purchase of a 20% stake at a valuation of $8 billion, which is still a sticking...
Samara Capital-backed Agro Tech Foods to acquire Del Monte Foods from Bharti Enterprises
Private equity firm Samara Capital and Convergent Finance backed Agro Tech Foods Limited (ATFL), on Thursday announced it is set to acquire Del Monte Foods Private Limited (DMFPL), a joint venture between the Bharti...
India Glycols partners Amrut Distilleries, plans to demerge spirits biz
India Glycols Ltd, which on Wednesday announced a partnership with Bengaluru-based Amrut Distilleries, is mulling a demerger of its spirits business and subsequently listing on the exchanges, company officials said. The...
JM Smucker to divest cookie brand Voortman in $305 mln deal
J.M. Smucker said on Tuesday it would sell its cookie brand, Voortman, to U.S.-based premium snacks maker Second Name Brands in a $305 million all-cash deal. The Jif peanut butter maker, which was exploring a sale of...
HCCB Fund Fact: Bhartias in talks with global investors for ₹12,500 cr acquisition of Coca-Cola’s bottling
The promoters of the Jubilant Bhartia Group, brothers Shyam and Hari Bhartia, are in discussions with alternative asset managers, mutual funds and foreign banks to raise as much as ₹12,500 crore ($1.5 billion) for the...
Haldiram Snacks’ promoters revise stake sale plans, look to offload 10-15%
The promoters of Haldiram Snacks Food Pvt Ltd, one of India’s leading snack manufacturers, have revised their plans to sell a majority stake in the company. They are now looking to offload 10-15 per cent minority stake...
Bikaji Foods acquires 53% stake in Hazelnut Factory for Rs 131 crore; to compete in QSR space
Ethnic snacks maker Bikaji Foods International Ltd has acquired majority 53.02% stake for Rs 131 crore in Lucknow-based cafe and artisanal sweets chain Hazelnut Factory Food Products Private Ltd through its wholly-owned...
PE firm Advent prepares takeover offer for UK’s Tate & Lyle, FT reports
Private equity firm Advent International is preparing a takeover offer for UK-based food and beverage ingredients maker Tate & Lyle, the Financial Times reported on Wednesday, citing two people familiar with the...
