Tata Consumer Products Ltd (TCPL) has emerged as the frontrunner to acquire Capital Foods Pvt Ltd, the maker of condiments, food products and ingredients under the Ching’s Secret and Smith & Jones brands...
IDBI Trusteeship files insolvency resolution application against Coffee Day Enterprises
Global alternate investment fund manager Ares SSG Capital Management has filed an application with the Bengaluru bankruptcy tribunal to admit Coffee Day Enterprises for corporate insolvency due a Rs 228-crore bond...
Nestle buys Brazil chocolate maker Kopenhagen -reports
Nestle has agreed to acquire Brazilian chocolate brand Kopenhagen, local media reported on Wednesday, citing people familiar with the matter. Website Brazil Journal said Nestle will pay about 3 billion reais ($602.78...
Sula Vineyards shareholder Verlinvest looks to sell up to 12.5% stake- CNBC-TV18
Indian winemaker Sula Vineyards’ shareholder Verlinvest is looking to sell up to a 12.56% stake in the company through a block deal, CNBC-TV 18 reported. The block price of the deal may be in the range of 473-508...
NCLAT stays admission of Coffee Day Enterprises for insolvency
The appellate tribunal of the bankruptcy court Friday stayed the admission of Coffee Day Enterprises Ltd (CDEL) after it was challenged by the promoter, Malavika Hedge, that default occurred during the “calm...
Campbell to buy Rao’s premium sauces maker Sovos for $2.33 bln
U.S. packaged food maker Campbell Soup will buy Michael Angelo’s and Rao’s owner Sovos Brands for $2.33 billion in cash, the company said, beefing up its meals and beverages business with the maker of...
Coca-Cola bottler CCEP intends to acquire Coke’s Philippines business for $1.8 billion
Coca-Cola Europacific Partners said it intends to jointly acquire Coca-Cola Beverages Philippines with Aboitiz Equity Ventures (AEV) for $1.8 billion, in an effort to become the world’s largest Coca-Cola bottler...
Bikaji Foods International acquires 49% equity stake in Bhujialalji
Bikaji Foods International Ltd on Wednesday acquired a 49 per cent stake and 396 compulsorily convertible debentures (CCDs) in Bhujialalji Pvt Ltd, the company said in a BSE filing. The deal comprised 9,608 equity...
Energy drink maker Alani Nu explores options including sale
Alani Nu, the energy drinks and snack maker founded by personal trainer and social media influencer Katy Hearn, is exploring options that include a full or partial sale of the company at a valuation of more than $3...
GQG Partners acquires 5.96% stake in Patanjali Foods via offer of sale
NRI Rajiv Jain-led GQG Partners, which has in recent times poured in billions of dollars in Adani Group firms after the Hindenburg report, has now invested around Rs. 2,400 crore in Ramdev-led fast-moving consumer goods...
Bain Capital in talks to buy Indian ice cream maker Vadilal – CNBC-TV18
U.S. private investment firm Bain Capital is in talks to buy Indian ice cream maker Vadilal and also considering taking control of Vadilal Industries and Vadilal Enterprises, which make and market the ice cream, CNBC...
Mars to buy healthy food maker Kevin’s Natural Foods
Family-owned food giant Mars Inc on Wednesday agreed to buy Kevin’s Natural Foods, which is known for its sous-vide meals, sauces, and side dishes, the companies said. The deal values private equity-backed...
