20th May 2022 Investment / Pet Food
Total investment and divestment activity across all investment stages increased to $4.3b in 2021, up from $2.5b in 2020, according to EY’s New Zealand Private Capital Monitor.
Private equity firm Rangatira Investments has seen its net asset value climb from $14.87 last year to $16.27 in the year to March 2022, reflecting a portfolio valuation of $288m.
The snack company is looking for investors to unlock plans to quadruple revenue over the next three years.
The oil extraction technology will be trialled with green-lipped mussel and cannabis manufacturers.
New Zealand King Salmon has closed its $60.1m underwritten 2.85 for 1 pro rata rights offer.
Food & beverage comprised just 4% of the $257.5m invested in early stage investment in New Zealand in 2021, according to a new report.
The company is hitting up new and existing investors in a fresh fundraising, as it secures a major new account for its 0% cider in Australia.
The Auckland independent grocery chain will use the investment to expand its network, as well as upgrade existing properties.
The government is investing $7.44m to help New Zealand’s apple industry become a world leader in sustainable production practices.
Alternative protein trends could promote a global transformation in the seafood industry, according to GFI.
Romano’s Food Group is aiming to complete the rebuild of its Christchurch pizza factory by the last quarter of the year.
The iwi-controlled entity makes its first foray into aquaculture as part of a jv with private equity.
Southern Lamb Investment’s proposed takeover of Southland meat processor Blue Sky has backing from shareholders holding 56.79%.
Investors include Rocket Lab-backer Khosla Ventures, a new Ngāi Tahu vehicle, and Kiwi-born US-based NBA star Steven Adams.
The online grocery challenger is looking for more backers after strong growth in members and revenue over the last quarter.
Proper Snack Foods GM Andy Leonard says challenging shipping and rising costs provided extra motivation to establish manufacturing across the ditch.
New Zealand Coastal Seafoods Limited is raising $1.5m from new and existing shareholders.
The Queensland factory recognises the growth Frucor Suntory believes is possible, says boss Darren Fullerton.
Alternative protein player Sustainable Foods has closed its capital raise reaching a total of $2.15m.
Mt Cook Alpine Salmon’s quarterly auction has gone live on Catalist .
Gallagher and the Royal Barenbrug Group have backed Christchurch-based agritech firm Farmote Systems.
The government has entered the mussel hatchery business acquiring equity in an iwi-run venture and committing up to $6m.
The project will provide Southern Fresh with year-round production of baby leaf salads, herbs, and vegetables.
The current shareholders will be able to cash out of the company, currently generating nearly $40m in revenue, via the new capital platform.
A flurry of F&B-related takeovers were recorded in the final quarter of 2021, closing out a record year for mergers and acquisitions in New Zealand, according to PwC.
Derek Handley’s climate tech firm Aera VC has raised US$30m to invest in startups tackling sustainability across all sectors including food.
Fast-food and tetra pak cartons destined for the landfill are being converted into building supplies, thanks to Freightways investment.
A major horticulture project is underway in northern Hawke’s Bay to lift the productivity of Maori-owned land.
A multi-million-dollar investment is to look at how hemp can be made into food packaging and other innovations.
The Warehouse founder’s venture capital fund backs NZ ventures seeking global exposure.
Capital raising for food and beverage ventures on crowdfunding platform Snowball Effect fell to $4.7m in 2021, down 65% on the $13.3m raised in 2020.
Healthcare and animal care company Ebos Group says it has successfully raised $674m from existing and new investors across New Zealand, Australia and further afield.
The world’s most powerful investors urge the global food industry to produce healthier products.
The Lewis Road founder says his new advisory firm is looking to work with F&B founders with a global proposition – often in exchange for a stake.
A handful of heavyweight FMCG deals support a record quarter of M&A activity according to PwC.
UK-based non-alcoholic spirits brand Lyre’s says its distribution growth in New Zealand is continuing to cater for increased demand. The beverage maker’s products can be found in Countdown, New World, Farro MORE »
The FMCG investor says it backs brands with a point of difference and potential to scale.
The Dunedin chocolate maker plans to boost production and sales, and launch a new entry product to help it expand north following a $500k capital raise.
Milford Asset Management has increased its holdings in meal kit company My Food Bag to 8.79%.
New Zealand food and beverage startups managed to secure about $3.7m in early stage investment during the first half of 2021.
The New Zealand Truffle Company says it is pleased with interest from both NZ and overseas and is targeting mid-December to complete its capital raise.
After a rollercoaster 2020, No Ugly is gearing up for growth undertaking a $2m capital raise as it looks to transition from a functional beverage business to a broader health and wellness company.
With deployments in ventures like Rockit and Sunfed, NZ Growth Capital Partners outlines what it looks for in food and agritech.
The US plant-based dairy company backed by Goldman Sachs and Prelude Ventures has opened the round to New Zealand wholesale investors.
With global challenges to supply chains, productivity, climate change and food security, New Zealand’s startup ecosystem is responding with new companies emerging, networks deepening and investment broadening.
New Zealand Trade and Enterprise is calling for applications for Te Kōmaru – its annual Māori investment showcase.
The jerky startup has secured funding for a new facility to help more than double production.
Organic small batch Kombucha maker Batchwell has launched a capital raise with funds set to be ploughed into production capability, portfolio expansion and increased sales and marketing.
Described as a milk factory in a box, Happy Cow Milk Company, has today launched its second capital raise as it looks to scale-up its prototype into paddocks and retailers around the country.
The TIN New Zealand Agritech Insights Report 2021 details the leading syndicates of angel groups and local venture capital funds underpinning the growing sector.
With industry transformation on the cards, FoodBowl boss Alex Allan considers what it would take to unlock F&B sector restraints.
Package-free grocery store GoodFor is closing in on the half-way point of its capital raise target after the offer went live to the public this week.
The new online grocery service will be looking for investment within a year, says founder Sarah Balle.
The CEO says global investor KKR will accelerate the premium pet food firm’s international expansion.
Food as medicine, medicinal plants and food personalisation are all the radar of US agrifood venture capital investor, AgFunder, as categories of opportunity.
An investment bank has been appointed to marshal growing investor interest in the $50m Southland venture.
Around 8,000 unique investors took part in more than 9,000 transactions in 2020.