Ebos Group is no longer in talks over a potential purchase of Australian vet and pet group Greencross.
Dual-listed Ebos Group is in NZX and ASX trading halts following it being linked to the purchase of TPG Capital-backed pet and vet group Greencross.
Food and beverage deals help lift overall activity to be “better than expected” for the period.
ComCom says the deal, which turns Sealord into NZ’s largest seafood company, is unlikely to substantially lessen competition.
Scott Technology’s ownership structure is staying as is – for the time being.
Wine company Cloudy Bay is adding to its Marlborough landholdings, with the proposed purchase of a vineyard and land in the region.
Good Spirits Hospitality is going ahead with a payout of $600k to its shareholders related to its asset sale, despite it being technically voted down via a conditional resolution last week.
Global drinks company Pernod Ricard is revisiting a potential sale of its Australian and New Zealand wine brands – a divestment it explored in 2019.
An acquisition of the Christchurch-based fishing business would make Sealord the country’s biggest seafood business.
Majority owners Navis Capital is reviewing its ownership of the egg producer, which could result in a $400m-plus sale.
Deal activity remained on an even keel in Q2 but headwinds could see more consolidation in sectors such as food manufacturing and hospitality.
Good Spirits Hospitality’s Geoff Tuttle and Nourish Group founder Richard Sigley are part of the group buying the nine-strong portfolio.
Dairy farm reporting software company Trev has acquired red meat specialist Cloud Farmer, a pioneer of farm recording in New Zealand.
Australasian poultry group Inghams has been given the green-light by the Commerce Commission for the upstream acquisition.
Good Spirits Hospitality has received final bids as part of the sales process for its nine-strong portfolio of venues.
Comvita makes good on its pledge to consolidate ownership of the mānuka honey sector, buying Singapore’s HoneyWorld.
The acquisitive foodservice company continues to expand, this time picking up a Tegel subsidiary in Wellington.
Good Spirits Hospitality is expecting final bids shortly as part of the sales process for its nine-strong portfolio.
The decision to divest the consumer cheese businesses comes four years after investing around $150m to acquire them.
The under pressure Auckland hospitality group reports “good interest” from potential buyers as the sales process for its nine-strong portfolio grinds on.
Lenders to Good Spirits Hospitality have once again deferred a March quarter interest payment, as it pursues a sale of the business.
DB Breweries has completed a deal which creates what it says is the largest hospitality group in the country, Star Hospitality.
Graeme and Annie Giles have retaken control of the brand, which was destined to disappear after being shut down by Kono.
The firm is snapped up by acquisitive international logistics management company VerifyMe, providing the Kiwi business with a springboard into the US.
New Zealand Coastal Seafoods has completed the acquisition of Australian seafood fishing and wholesale export business, Nine Ocean, via a share purchase deal.
Fonterra is progressing its condition sales of its Chilean Soprole business to Gloria Foods, having received sign-off from the country’s competition authority.
The scene is set for a cool down in merger and acquisition activity following two years of peak deals fuelled by cheap money and a strong economy, according to PwC.
The Connecticut-headquartered company has enlisted investment bank JP Morgan to explore a sales process for the company, which could fetch an estimated US$10bn.
An Australian private equity firm and owner of sausage maker Hellers is buying the company which owns Boost Juice and Betty’s Burgers.
A flurry of F&B-related takeovers completed in the final quarter of 2022, closing out a solid year for NZ food industry mergers and acquisitions.
The consortium of investors buying out SeaDragon’s minority shareholders has confirmed it now has control of “90% or more” of the voting rights in the fish oil refining company.
The foodservice distributor completed the deal in just seven days with a specific asset and growth potential catching its eye.
The acquisitive foodservice distributor adds another butcher and its retail brand to its growing portfolio.
A new majority owner for Waiheke Island’s Stonyridge Vineyard has plans for export growth.
International wine heavyweight Edmond de Rothschild Heritage paid $10m to buy Akarua in Central Otago from local rich-listers the Skeggs family.
Good Spirits Hospitality has appointed Tonnant Partners as its transaction advisor.
A deal for Yealands will follow two other separate industry transactions underway for New Zealand wine businesses.
Christchurch-based NZCS says it is a “unique opportunity” to establish an Australian base.
Move Logistics Group has walked away from its proposed $15.2m acquisition of domestic bulk liquids and dry powder transport provider Fluidex.
“We are excited about this unique opportunity to take some of Australia and NZ’s best-loved brands to the next level,” says the Hong Kong-based investor, one of Asia’s largest PE firms.
Among the big opportunities from the new partnership could be a push in Europe for the Waikato company’s mānuka honey brand Haddrell’s.
The private equity-owned pet food company is adding the largest freeze-drying operation in the
Southern Hemisphere to its operations.
Move Logistics Group has signed a $15.2m agreement to acquire the business and assets of Fluidex Transport, a domestic bulk liquids and bulk dry powder transport provider with recurring revenue of $11m.
Tony Falkenstein’s Just Life Group is adding Natural Solutions NZ to its ‘Healthy Living’ division, following its purchase of About Health and Intenza New Zealand.
“When the Good Spirits Hospitality deal did not proceed, it was felt that there was a significant amount of synergy with other Foley investments in New Zealand,” says Foley CEO Mark Turnbull.
The salmon business says it has not been approached, nor is in discussions with any parties following a report it is gauging interest.
NZ could see a wave of F&B acquisitions as rising costs pile pressure on smaller manufacturers.
Comvita has scotched reports that it is in talks over a proposed take-private by shareholder CR Capital Management, the investment arm of Chine Resources Holdings Co.
The seafood supplement specialist has booked a strong start to the year with revenue jumping 242% from the same quarter in 2021.
There were 45 M&A deals announced or completed in the first three months of the year, according to PwC’s latest quarterly update, compared with just 11 for the same period last year.
The deal catapults Australian biscuit giant Arnott’s into NZ’s premium cracker category.
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