Food & Beverage – Latest

FOOD & BEVERAGE

Dairy

Private Equity Firm, KKR INDIA (IN) will be investing 90 M in KWALITY LTD (IN).

The largest dairy firm in India will receive the funds via structured debt assets and will use them to solidify its brand and expand its retail business. Of late, KKR has made USD 3 B worth of investments in India and are continuously looking for growth opportunities.

6 June 2016 / Livemint.com

S J BARGH GROUP (UK) a logistics firm that engages in milk distribution acquires transportation company R G BASSETT & SONS (UK)

The acquisition will add 100 employees to their headcount, an 11 acre site as well as warehousing and training services. BASSETTS will still operate as a standalone brand but benefit from a wider distribution network and services. Details of the deal were not disclosed.

14 June 2016 / Dairy Reporter

American Private Equity firm TPG GROWTH acquires 40% of ONE NETWORK BANK (ONB) (PH)

TPG, will now work together with the incumbent owner BDO, to hasten ONB’s growth. TPG’s expertise in financial services, in developing markets will kick off new product developments in that direction. The collaborative partnership aims to strengthen ONB’s current foundation and improve financial inclusion in the region. Details of the transaction were not disclosed.

20 June 2016 / Business Wire

ITOCHU LOGISTICS CORPORATION (JP) acquires 5% of Chemical Distributor LAUTAN LUAS (ID)

The acquisition will allow for LAUTAN LUAS to support its chemical distribution business by providing end-to-end logistics solutions to their customers. Apart from that, LAUTAN LUAS will also be expanding to the water treatment and IT solutions businesses to spur growth in the future. Details of the transaction were not disclosed.

22 June 2016 / Deal Street Asia


Food

CREMICA FOOD INDUSTRIES LTD (IN) raises USD 15 M for aggressive expansion plans

The food product company that generated USD 30 M of revenue in FY2015, raised USD 15 M from RABO EQUITY ADVISORS PVT LTD (IN). They have projected sales to hit USD 150 M and the expansion of their distribution networks to grow from 40,000 to 120,000 outlets by 2020.

1 June 2016 / VCCIRCLE

Private Equity Group, PACIFIC EQUITY PARTNERS (AU), acquires PATTIES FOOD LTD for USD 167 M.

The sale of the Aussie Food Company to PACIFIC EQUITY PARTNERS (PEP), included an equity alterative for the benefit of their shareholders. The take over was on the backdrop of poor performing profits due to a false product recall. The price per share on PATTIES FOOD was AUD 1.65 per share, reflecting a 24% premium.

EV/EBITDA: 6.7x
EV/SALES: 0.7x

4 June 2016 / ABC.NET

AirAsia (MY) acquires 80% stake in T&CO COFFEE (MY)

AirAsia will acquire for USD 225 K and will use T&Co to improve its in-flight menu for their passengers. AirAsia would now take a more dominant role in T&Co’s development to raise premiums and margins for their products.

28 June 2016 / The Star Online

Singaporean Hospitality Company SONG FAR BAK KUT TEH raises funds via NEW UNION (SG)

SONG FA will now be one of the few companies that have used crowdfinancing platforms such as NEW UNION to raise funds. The USD 370 K raised will be channeled into the idea of expanding outlets both in and around Singapore as well us the upgrading of their Supply Chain IT to improve efficiency.

28 June 2016 / Yahoo News