The latest US PE Breakdown serves as a snapshot of the primary trends shaping the entire US private equity landscape, midway through 2018. With analysis of primary investment and exit trends, to a spotlight on long-dated funds, the report also contains multiple datasets, such as deal-making by size and sector. Lead sponsor PwC contributed a Q&A as well, packed with insightful commentary on current market trends from their industry experts’ perspective.
Palladium Equity Partners invested in Spice World Inc., a supplier of garlic and other spices. Palladium’s current and past investments in the food industry include: Kar’s Nuts; Del Real Foods; Teasdale Foods; Sahale Snacks; Wise Foods; Castro Cheese: and Taco Bueno Restaurants.
The transaction includes the Jim Dandy, Pillsbury and Hungry Jack brands, amongst others, and a manufacturing facility in Toledo, OH.
Emerging food and beverage brands continue to capture the interest of investors. Since 2013, food and beverage start-ups have raised $9.5 billion across 2,100 deals globally, said Zoe Leavitt, senior intelligence analyst at CB Insights, a data analytics firm.
Dean Foods acquired a majority stake in Good Karma Foods, a company that produces flaxseed-based milk and yogurt. Dean increased its ownership in the company to re-enter into the plant-based food and beverage category. Good Karma will continue to operate as an independent company in Boulder, CO.
Archer Daniels Midland has agreed a $185m deal to acquire probiotic supplement manufacturer Probiotics International Limite.
Investors shared what they look for in a company at last week’s FamilyFarmed Good Food Innovation and Financing Conference. Sustainable and local efforts, early-stage startups that fulfill a unique consumer need and brands that meet consumers in their home are of particular interest.
Amazon announced Thursday that it is acquiring PillPack, which is an online pharmacy that provides a medication delivery system through pre-sorted dose packaging, coordinates refills and renewals, and ensure medications are shipped on time.
Conagra Brands, Inc. has entered into an agreement to acquire Pinnacle Foods, Inc., Parsippany, N.J., for approximately $10.9 billion. The transaction has been approved by the boards of directors for both companies and is expected to be completed by the end of 2018.
Pilgrim’s Pride made a preliminary offer for Hain Celestial’s protein business, according to a person familiar with the matter. The source claims Hain is in the process of selling Hain Pure Protein, its chicken and turkey division, to make its remaining snack food company more attractive to a buyer. Final bids are due in mid-July, and the sale is expected to amount to about $700 million, reported New York Post.