Consumer
Gorillas raises circa USD 1bn in Delivery Hero-led Series C
New funding comes just seven months after a Series B, with the company doubling in value
Unilever tea auction set to close second round in November
Advent is in a strong position, while Cinven, CVC and Carlyle have ESG concerns, sources say
Brewdog, Hawksmoor hit brakes on IPO plans
Founders of both businesses cite pandemic recovery uncertainty in the hospitality sector
Social concerns increasingly important in European consumer M&A
Ethical supply chains, modern slavery, diversity and inclusion, wage gaps, and health and safety are all "potential liabilities" for M&A sponsors
Burger King UK owners mull GBP 600m listing – report
IPO plans are thought likely to be formalised within days, dual-track process could be explored too
H&F matches EQT's EUR 3.36bn Zooplus offer
H&F has increased its EUR 460 per share offer for the pet products retailer to EUR 470 per share
San Giorgio in sale talks with Ergon, reviews valuation expectations
Owning family is looking to sell a minority stake in San Giorgio via a capital increase
Ligue 1 explores PE stake sale among financing options
Process is the latest move among elite football tiers to seek external investment
NorthEdge sells Belfield Group's Usleep
Mattress producer is to be acquired by Vita Group, a portfolio company of Strategic Value Partners
La Doria confirms take-private talks with Investindustrial
La Doria has a market cap of EUR 600m and posted revenues of EUR 423.8m in H1 2021
EQT joins H&F in Zooplus race with EUR 3.36bn bid
EQT's offer surpasses Hellman & Friedman's EUR 3.29bn bid submitted earlier in September
Goldman Sachs, Silverfern put Continental Bakeries on market
Goldman Sachs Merchant Banking Division and Silverfern acquired Continental Bakeries in 2016
European sports get lifeline from PE funds
European sports teams are diving into the hands of financial sponsors, inspiring an unprecedented run of form for M&A in the space
PAI eyeing EUR 2bn Asmodee sale – report
PAI Partners is said to have mandated Goldman Sachs and Natixis to organise the sale
Sorare raises USD 680m Series B led by Softbank
Round follows a USD 50m Series A and gives Sorare a post-money valuation of USD 4.3bn
Egeria sells Dutch Bakery to 3i
SBO of the Netherlands-based home-bake and snack products producer ends a four-year holding period
CVC acquires Inflexion-backed Medivet in GBP 1bn deal
Inflexion took a minority stake in the veterinary care provider in December 2016
KKR drops out of Zooplus race
Hellman & Friedman increased its take-private offer to EUR 3.29bn earlier this week
Langholm winds up remaining assets in Verdane sale
Sale of WoolOvers, Purity Soft Drinks and Lumene sees Langholm wind up its remaining assets
Carlyle revives USD 1.2bn Hunkemoller sale – report
Initial plans to sell the asset were delayed by the pandemic, Reuters reports
Valuations rising as food & beverage whets PE's appetite
Within the space of a year, average pricing in the space has increased by 2.2 turns of EBITDA, research by Clearwater and Unquote shows
H&F increases Zooplus take-private offer
Increase from EUR 3bn to EUR 3.29bn follows competing takeover interest from EQT and KKR
KKR, Bain among suitors for Unilever's tea business
Cinven, Blackstone, Apollo, CD&R and CVC are among the other sponsors considering bids
Astorg, Goldman Sachs to sell HRA Pharma for EUR 1.8bn
Astorg and Goldman Sachs acquired the French asset for EUR 300m-500m in 2016
