Germany: Refresco to acquire Rhenser Mineralbrunnen
Refresco, the German beverage bottling company, has agreed to acquire the business operations of insolvent German mineral water and soft drinks producer Rhenser Mineralbrunnen. The agreement was reached following negotiations with Rhenser Mineralbrunnen’s provisional insolvency administrator, Alexander Jüchser, and managing director, Holger Sieck. A creditors’ committee has approved the transaction, which is scheduled to become […]
Malaysia: Umios to acquire Pet World International
Umios, the Japan-based food production and distribution company, has announced that its board of directors has resolved to acquire a 51% equity stake in Malaysian pet care holding company Pet World International (PWI). The transaction, valued at approximately ¥11,400 million ($71 million), will be executed through a newly established holding company. Following the acquisition, PWI […]
Brazil: Cencosud to acquire St. Marche
Cencosud, one of the largest retailers in the Americas, has entered into an agreement to acquire 100% of the operations of St. Marche, a premium specialty grocery chain based in Brazil. The transaction, executed through Cencosud’s wholly-owned subsidiary Cencosud Brazil Comercial Ltda., involves the acquisition of the supermarket business from Hortus Comercio de Alimentos S.A. […]
India: Honasa Consumer to acquire 58% stake in Fluence Pharma
Honasa Consumer, the company behind the Mamaearth personal care brand, has agreed to acquire a 58% stake in nutraceuticals business Fluence Pharma for an enterprise valuation of around 135 crore INR ($14.2 million). The move marks Honasa Consumer’s entry into the vitamins and dietary supplements space. Under the terms of the deal, which will be […]
Poland: Avallon MBO to acquire majority stake in Inglot
Avallon MBO, the Polish private equity fund, has agreed to acquire a majority stake in Inglot, the Polish cosmetics company. The transaction, which is subject to regulatory approvals, is expected to be finalised later in the year. Established over 40 years ago, Inglot operates a business model based on in-house production and independent product development, […]
Poland: Maspex acquires Karpackie Wody Mineralne
Maspex, the Polish food group, has agreed to acquire an 80% stake in Ukrainian water, beverage and snack manufacturer Karpackie Wody Mineralne. The transaction is estimated by industry experts to be worth between $30 million and $50 million. The deal represents Maspex’s first major production investment in the Ukrainian market. Under the terms of the […]
Australia: Danone to acquire MADE Group
Danone, the French dairy and drinks multinational, has entered into two definitive agreements to expand its presence in the Asia-Pacific (APAC) region. The company has agreed to fully acquire MADE Group, a fast-growing Australia-based nutrition company, and will also purchase the remaining 49% stake in its existing fresh dairy joint venture with Saputo Dairy Australia. […]
India: L’Oreal to acquire majority stake in Innovist
L’Oreal, the world’s leading beauty player, has signed an agreement to acquire a majority stake in Innovist, a digital-first personal care house of brands in India. Founded in 2019, Innovist is a science-led company behind skincare and hair care brands such as Bare Anatomy and Chemist at Play. Under the agreement, Innovist’s founding team will […]
Japan: Itoham Yonekyu to acquire New Zealand’s Greenlea Group
Itoham Yonekyu, the Japanese conglomerate, has entered into an agreement to purchase 100% of the shares in Greenlea Group via its subsidiary Anzco Foods, the Christchurch-based meat processor and exporter. Anzco Foods is already one of New Zealand’s largest beef and lamb exporters, with an annual turnover of $2.2 billion ($1.33 billion) and nearly 3,000 […]
Canada: Fairfax to acquire Andrew Peller
Andrew Peller, a Canadian producer and marketer of wines, has entered into a definitive arrangement agreement to be acquired by a wholly-owned subsidiary of private equity fund Fairfax. Under the terms of the agreement, the newly-formed subsidiary of Fairfax, a holding company engaged in property and casualty insurance, reinsurance and associated investment management, will acquire […]