IBM, Epicor and other vendors could be eyeing a purchase of supply-chain software vendor JDA, analysts said Tuesday following a published report that the company was looking for suitors. The sale activities are “at an advanced ...
Premier Foods plc has sold ethnic flour business Elephant Atta to UK rival Associated British Foods, the latest disposal in its move to cut debts. The GBP34m (US$52.8m) deal includes the Elephant Atta brand, which Premier described as the ...
Tags: Premier Foods plc, ethnic flour, food industry, food market
Nick Bunker, the head of Kraft Foods' businesses in the UK and Ireland, is to become CEO of United Biscuits recently-separated snacks unit. United Biscuits said today (6 August) Bunker would become chief executive of KP Snacks on 1 ...
Tags: Nick Bunker, snacks unit, Kraft Foods, United Biscuits
Dutch retailer Ahold has said it expects to see its margins recover in the Netherlands after conceding they were "weaker than expected" in the first half. Ahold this morning (22 August) booked an increase in first-half profits but its ...
Tags: Ahold, margins recover, profit, food industry
German snack company Intersnack is finalizing an agreement to acquire UK-based United Biscuits' snacks business, KP Snacks, for more than £400m. Intersnack and KP Snacks are likely to announce the agreement this week, reported ...
Tags: snack, acquire, Intersnack, KP Snacks, food, potato chips
Private equity firms Blackstone and BC Partners are planning to submit a revised offer for frozen food company Iglo, after Permira rejected their earlier EUR2.5bn bid as too low. Blackstone and BC Partners, which are the last remaining ...
Tags: Blackstone, frozen food company, the biggest private equity transactions
Private equity firms Blackstone and BC Partners are set to submit a joint bid for frozen food company Iglo, in a deal which is expected to value the company at $3bn, including debt. The two firms, which were earlier competing with each ...
Tags: frozen food company, Blackstone, pea, poultry and potato waffle products
Australia's leading poultry processor Inghams Enterprises has been put up for sale by its only shareholder Bob Ingham,in a deal which is expected to attract food companies as well as private equity firms. Investec Bank has been appointed ...
Tags: poultry processor, private equity firms, competitor, annual sales
Brazilian beef producer Marfrig plans to sell a stake in order to lower its mounting debts,in a move which is expected attract food companies as well as private equity firms. The company has appointed Brazilian bank Banco Itaúto ...
Tags: stake, debts, bidding, acquisition
UK-based private equity firm Permira has hired banks to provide additional debt for its frozen food company Iglo,which owns the Birds Eye brand. Credit Suisse,HSBC,Nomura and UBS will be managing the Iglo transaction,under which€250m ...
Tags: debt, frozen food, banks
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...
US based chemical producer DuPont has begun the preliminary auction process for sale of its car paint business which is anticipated to fetch over $4bn. Sources told Reuters that the company's adviser on the agreement, Credit Suisse Group ...
Tags: DuPont, car paint, car paint facility, paint refinishing business
Two private equity firms,US-based Blackstone and Hong-Kong based Affinity Equity Partners are likely to make a bid for Australia's leading poultry processor Inghams Enterprises. The indicative bids for the business are expected to be ...
Tags: poultry processor, make a bid, ACCC
US based Excellere Partners has sold MTS Medication Technologies (MTS), a manufacturer of medication adherence packaging solutions, focused on the long-term care and retail pharmacy markets. In May 2012 MTS was sold to Omnicell, a ...
Tags: medication adherence packaging solutions, management solutions
RBS is looking for viable ways to dispose its car and home insurance business in the UK, which may fetch 7bn pounds. The partly government owned bank abandoned the disposal of the underwriting firm through bid approaches from trade buyers ...
Tags: RBS, car insurance, home insurance, insurance