TIPIAK acquired by TERRENA

The transaction marks the exit of private equity firm BC Partners from Forno d'Asolo Group, following a successful ownership period that began in 2018. The new owners are a consortium composed of European private equity firm Investindustrial and Italian food manufacturer Sammontana. Under BC Partners' stewardship, Forno d'Asolo underwent a significant transformation from a strong domestic company into a global leader in the frozen bakery and patisserie sector. The value creation strategy focused on several key pillars: unlocking major commercial and operational efficiencies, completing the product portfolio, diversifying sales channels, and executing a targeted international expansion into new markets including the United States, Germany, and France

n 2023, Danone entered into exclusive negotiations with CTH Invest, an affiliate of the Ferrero group, to divest Michel & Augustin, in which it held a 100% stake following a gradual acquisition process initiated in 2016. This transaction is part of Danone's portfolio review and its strategy to refocus on its core activities, which are deemed more conducive to growth and value creation. Michel & Augustin no longer aligns with Danone's investment priorities, particularly in terms of its growth performance, profitability (historically negative EBITDA margin), and strategic positioning

DBAY Advisors acquired the entire issued share capital of Finsbury Food Group via a court-sanctioned scheme of arrangement. The offer price of 110 pence per share valued the company's equity at approximately �143.4 million. This price represented a 23.6% premium to the closing share price prior to the announcement. The deal was driven by the belief that Finsbury could better pursue "transformational M&A" and international expansion as a private company, free from the costs and constraints of a public listing on AIM

Coca-Cola HBC AG, through its wholly-owned subsidiary CC Beverages Holdings II BV, has completed the acquisition of Brown-Forman Finland Oy, the corporate entity that owns the Finlandia vodka brand, from Brown-Forman Netherlands BV. The transaction finalized following a definitive agreement reached earlier in the year. This corporate divestiture structures the full equity transfer of the brand, transitioning ownership to the strategic bottling partner of The Coca-Cola Company. The divestment aligns with Brown-Forman’s long-term strategic ambition to premiumize its core product portfolio through targeted brand innovation, acquisitions, and selective asset sales

Nolet Distillery launched a recommended public offer to acquire all issued and outstanding ordinary shares of Lucas Bols Company, marking a significant consolidation within the Dutch spirits industry. This public-to-private transaction was motivated by a shared strategic vision to create a "Dutch champion" in the global cocktails and spirits market. The acquisition allows Lucas Bols to preserve over 450 years of craftsmanship and heritage under the stewardship of a long-term, family-owned strategic ally

The J.M. Smucker Co. has entered into a definitive agreement to acquire Hostess Brands. This transformative transaction expands Smucker's presence in the fast-growing "sweet baked goods" category, adding iconic brands like Twinkies to its portfolio. The deal structure involves a mix of cash and stock, with Smucker paying $34.25 per share. The acquisition is expected to be accretive to margins and earnings in the first year, with estimated annual run-rate synergies of $100 million to be realized within two years

Groupe Avril acquired a majority stake in HARi&CO, partnering with the founders, who remain at the helm of the company. This transaction provides an exit for the early-stage financial investors, Eutopia (via Otium Consumer) and Triodos Investment Management. For Avril, this acquisition is highly synergistic with its purchase of Vivien Paille (a major legume processor) the previous year, allowing the group to control the entire value chain from the field (farmers) to the consumer's plate (branded finished goods)

Royal Unibrew A/S has signed a definitive agreement to acquire 100% of the shares of Vrumona from the brewing giant Heineken. This transaction serves as a transformative step for Royal Unibrew, establishing a new, comprehensive growth platform in Continental Europe and granting immediate access to the Dutch market with a significant industrial footprint. The deal consolidates the relationship between Royal Unibrew and PepsiCo, as Vrumona has held the license for Pepsi brands in the Netherlands since 1949

Mars, Incorporated has entered into a definitive agreement to acquire Kevin's Natural Foods. This acquisition marks a significant step in Mars Food & Nutrition's strategy to expand into the high-growth "healthy eating" segment. Kevin's Natural Foods will operate as a standalone brand within the Mars Food & Nutrition division, retaining its entrepreneurial culture while leveraging Mars' global distribution network and R&D capabilities to scale. The deal provides an exit for early investors Towerbrook Capital and NewRoad Capital

The 100% acquisition of United Malt Group by Malteries Soufflet creates the world's largest maltster, significantly increasing the acquirer's annual production capacity by 50% to reach 3.7 million tonnes across 41 production sites in 20 countries. The strategic rationale is driven by the desire to build a truly global platform with highly complementary geographic footprints, particularly strengthening the acquirer's presence in North America and the high-margin craft beer segment. This platform investment is expected to be value-accretive by enabling large-scale operational synergies, enhancing R&D capabilities for sustainable product development, and consolidating a fragmented global market