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McWin snaps up stake in Italian restaurant chain L’Osteria

McWin, a private equity firm focused on the foodservice and food technology sectors, has acquired a majority stake in FR L’Osteria SE. The post McWin snaps up stake in Italian restaurant chain L’Osteria first appeared

Proterra eyes Asian food sector boom with new $200m-plus fund close

Food-focused private equity house Proterra Investment Partners has raised more than $200m for the final close of its Asia-focused fund. The post Proterra eyes Asian food sector boom with new $200m-plus fund close first appeared

Gulf Capital scores 2.5x return in Chef Middle East trade sale

Gulf Capital has sealed its second successful exit in two weeks with the $100m sale of Chef Middle East to Nasdaq-listed The Chef's Warehouse. The post Gulf Capital scores 2.5x return in Chef Middle East

CVC Credit to support Advent International with IRCA acquisition

CVC Credit will provide senior and acquisition facilities to support Advent International’s acquisition of Italian dessert ingredient products IRCA. The post CVC Credit to support Advent International with IRCA acquisition first appeared on AltAssets Private

Alto Partners completes exit of couscous producer BIA

Italian buyout firm Alto Partners has sold its entire 95% stake in BIA, a European producer and distributor of couscous, to B.F. S.p.A., which is the holding company of Bonifiche Ferraresi. The post Alto Partners

Investcorp buys into Californian produce wholesaler Sunrise

Alternatives investment major Investcorp has bought a majority stake in Sunrise Produce, a wholesale produce distribution company based in Southern California. The post Investcorp buys into Californian produce wholesaler Sunrise first appeared on AltAssets Private

Advent tucks into Chinese healthy eating restaurant chain Wagas

Private equity giant Advent International has bought a 60% interest in Chinese healthy, light food-focused restaurant group Wagas. The company has about 250 locations in China under the Wagas, Baker and Spice, Funk & Kale

Plant-based food and drink investor Powerplant expands to tech and services with hefty new $330m fund

Plant-based food and drink investment specialist PowerPlant Partners has raised $330m for its third fund, double the size of its sophomore vehicle. The post Plant-based food and drink investor Powerplant expands to tech and services

127-year-old Jim Beam, Dickey’s sauces maker Sokol bought by Burlington Capital

Food and manufacturing-focused private equity firm Burlington Capital Partners has bought 127-year-old food ingredients business Sokol & Company. The post 127-year-old Jim Beam, Dickey’s sauces maker Sokol bought by Burlington Capital first appeared on AltAssets

Startup using plants to create ‘better meat than animals’ gets L Catterton backing

Consumer-focused private equity major L Catterton has bought into Swiss foodtech startup Planted, which is aiming to create plant-based meat which tastes better than the meat from animals. The post Startup using plants to create

Ex-Vista, KKR execs gobble up LP commitments with $1bn close of second Butterfly Equity food fund

Butterfly Equity, the food-focused buyout house launched by former Vista Equity and KKR execs, has scored a big fund size increase through the $1bn final close of its sophomore fund. The post Ex-Vista, KKR execs

Investindustrial agrees $950m carve out deal for TreeHouse’s meal prep business

Italian buyout house Investindustrial has agreed to acquire significant portions of the meal preparation business of TreeHouse Foods Inc for $950m, representing 13.6x its 2022 estimated EBITDA. The post Investindustrial agrees $950m carve out deal

Synthesis raises largest VC fund ever targeting alternative protein sector

Alternative protein investor Synthesis has raised more than $300m for its debut fund -  the largest VC vehicle ever raised targeting the sector. The post Synthesis raises largest VC fund ever targeting alternative protein sector

Apollo to exit majority stake in The Fresh Market at 8x adjusted EBITDA multiple

Global buyout major Apollo has agreed to sell 67% stake in specialty grocer The Fresh Market to South American retailer Cencosud at a 8x adjusted EBITDA multiple. The post Apollo to exit majority stake in

Getir becomes decacorn at $11.8bn valuation thanks to a new series E funding round

Ultrafast grocery delivery company Getir entered into decacorn status at $11.8bn valuation thanks to a  new $768m funding round. The post Getir becomes decacorn at $11.8bn valuation thanks to a new series E funding round first

EQT Future to invest in fruit genetics companies SNFL, IFG to improve agricultural value proposition

EQT has used its Future Fund to makde a significant minority investment in two innovators in fruit genetics. The post EQT Future to invest in fruit genetics companies SNFL, IFG to improve agricultural value proposition

Barings Asia, Sequoia Capital said to enter second round bidding for $2bn-baby formula brand Frisco

Several private equity houses have entered into the second round of bidding for Royal FrieslandCampina's infant nutrition brand Frisco, which could value the unit at $2bn. The post Barings Asia, Sequoia Capital said to enter

ArchiMed seals 4x return through Fytexia trade sale, maintains top performance for 2014-vintage buyout fund

Healthcare-focused buyout house ArchiMed has scored a 4x return selling health ingredients developer Fytexia to trade buyer Associated British Foods. The post ArchiMed seals 4x return through Fytexia trade sale, maintains top performance for 2014-vintage buyout fund

Survival, emergency food specialist ReadyWise gets Goode Partners backing

New York-based private equity firm Goode Partners has invested in survival and emergency foods specialist ReadyWise. The post Survival, emergency food specialist ReadyWise gets Goode Partners backing first appeared on AltAssets Private Equity News.

Entrepreneurial buys into Organic Milling eyeing geographical expansion

Food and consumer packaged goods-focused Entrepreneurial Equity Partners has bought into Organic Milling. The post Entrepreneurial buys into Organic Milling eyeing geographical expansion first appeared on AltAssets Private Equity News.

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