The sale of Kuwaiti food giant Americana is finally going ahead, as GCC investors buy 69% of the firm for a rumoured US$2bn (€1.79bn) after nearly two-years of negotiations.
Rumours persist that one of India’s leading bakery and condiments companies is looking to sell off the controlling stake in its biscuits business to private equity investors.
Private equity investor India Value Fund Advisors has revealed it will invest US$40m to finance the next phase of growth of a domestic food ingredients company – the latest in a line of QSR suppliers to catch the eye of buyout firms.
Rumours have abounded this past week that buyout fund Pacific Equity Partners (PEP) is looking to sell New Zealand-based Griffin's Foods, a maker of biscuits, snacks, and confectionery products for the Australasian market.
Jinro, South Korea's largest spirit producer, has confirmed that it
will invite bids by the end of this month, a move that aims to
raise $2 billion (€1.5 bn) and allow the bankrupt company to pay
off its creditors. Simon Pitman...
South Korea's largest liquor maker, Jinro, has moved one step
closer to a sale after a number of investment banks acknowledged
that they were prepared to advise on the matter.