Charlesbank Capital Partners and Partners Group have collectively agreed to acquire Hearthside Food Solutions, the largest independent bakery in the U.S., from Goldman Sachs and Vestar Capital for $2.4 billion. Founded in 2009 in Downers Grove, Illinois, by Wind Point Partners and former ConAgra Foods and Ralcorp executive Rich Scalise, Hearthside was acquired by Goldman […]
Canada’s self-proclaimed top packaged meat provider, Maple Leaf Foods, has made an investment in Entomo Farms, the largest insect farm for human consumption in North America. Founded in 2014 by brothers Jarrod, Darren, and Ryan Goldin, Entomo Farms operates a 60,000 square-foot production facility, manufacturing and providing insect protein ingredients including cricket and mealworm powder […]
Plus Products, a Palo Alto, California-based manufacturer of cannabis-infused edible items, announced it has closed a $6 million Series B led by Serruya Private Equity Partners and Navy Capital Green Fund LP. Plus Products has secured the eighth temporary manufacturing license in the state of California, and is one of the first companies to commercialize […]
In a bold move from a not-often seen geography, Tokyo-based Nippon Life Insurance Company (Nippon Life) announced its first investment in a farmland investment fund – making a commitment of A$119 million (US$92.5 million) in an overseas farmland investment fund managed by Hancock Natural Resources Group (HNRG). “This investment by Nissay (Nippon Life) is very […]
Food and agribusiness-focused investment firm AGR Partners has made a capital investment in Vintage Wine Estates in exchange for a minority stake in the company. Founded in 2008 when Napa Valley Girard Winery owner Pat Roney acquired Sonoma’s Windsor Vineyards, Vintage Wine Estates has grown into a collection of wineries and estates producing approximately 2 […]
Brazil’s Marfrig Global Foods has acquired 51 percent of Kansas City, Missouri-based National Beef for $969 million. The deal was conducted through Marfrig’s indirect subsidiary, NBM US Holdings. When concluded, the deal will make Marfrig the second largest beef processor in the world with total sales of $13 billion. Founded in 1992, National Beef processes […]
The Kahlbetzer family’s Twynam Agricultural Group has sold three properties in Lachlan Valley in New South Wales to two overseas investors – MERS Global Investments and Optifarm for a total A$115 million (US$89 million). The Netherlands-based Optifarm has acquired two of the three properties: Jemalong Station and the adjacent Jemalong Citrus. The Jemalong Station consists of […]
U.S. private equity firm The Carlyle Group has acquired Accolade Wines, Australia’s largest winemaker, from CHAMP Private Equity for A$1 billion (US$772 million). Under the terms of the deal, CHAMP III Funds, holder of 80 percent of Accolade, and Constellation Brands Inc., which holds the remaining 20 percent, agreed to sell their shares to Carlyle. […]
California-based Impossible Foods has raised $114 million in convertible note financing provided by Singapore-backed Temasek, and Sailing Capital, a Shanghai and Hong Kong-based global private equity firm with a focus on investments in cutting-edge companies in consumer goods, technology, and healthcare. Sailing Capital not only joins Temasek, but previous and repeat investors Open Philanthropy Project, […]
Washington State and California-based private equity firm Arable Capital Partners (Arable) has acquired Fresh Innovations California located in Oxnard, California, for an undisclosed amount. Alpine Capital also was a part of the transaction as a minority investor. Headquartered in Bellevue, Washington, and Bakersfield, California, Arable was launched by a team of highly experienced industry veterans […]
