Candover trumped by Hicks Muse in Hillsdown auction

Article Abstract:

Leveraged buyout house Hicks Muse Tate & Furst has made a successful bid of $1.3 billion for food and drink concern Hillsdown Holdings, fighting off competition from Candover, Alchemy Partners and another European private equity provider. This deal has had a very negative impact on Candover, which failed to establish its stake quickly enough. The existing management team will remain in place, and Hicks Muse will assist Hillsdown in completing its disposal programme.

Nonalcoholic Beverages, Soft Drink and Ice Manufacturing, Soft drink industry, Non-alcoholic beverages, Hicks, Muse, Tate and Furst Inc., Hillsdown Holdings PLC

---

Guinness and Grand Met in mega-deal league

Article Abstract:

The proposed merger between food and drink companies Grand Metropolitan PLC and Guinness PLC will result in a powerhouse worth around 24 billion pounds sterling. The new company, to be called GMB Brands, will be the world's seventh largest food and drink company and will be a leading producer of vodka, whisky and gin. The deal, which requires regulatory approval, is being managed SBC Warburg for Grand Metropolitan and Lazard Brothers for Guinness.

Mergers & Acquisitions, Beverage Manufacturing, Beverage industry, Beverages, Guinness PLC, Grand Metropolitan PLC

---

Lyndale Foods satisfies Goodwin's hunger

Article Abstract:

HSBC Private Equity's Manchester office was the deal leader in the institutional buyout of Lyndale Foods from Warburtons. There are plans to invest in the business and develop it along similar lines established by Warburtons. The buyout team was led by John Jesky, who has experience and contacts within the food industry.

HSBC Holdings PLC, Warburtons Ltd.

Similar abstracts:

• Abstracts: Colony voters' message is clear, reception isn't. Patten says he's confident about Hong Kong's future. New legislator in Hong Kong offers China lessons on how to run colony
• Abstracts: Wounded by Thailand's woes. Two TI chip plants fall victim to financial crisis. Chip plant venture in Thailand boosts Texas Instruments' presence in region
• Abstracts: No thorns. Guns and money: illicit arms trade puts China on the defensive
• Abstracts: China's campaign to contain Taiwan's ambition takes on many forms besides missile threats. China hard-liners spark concerns of Taiwan official
• Abstracts: Star TV shows some muscle in Asia with pacts involving NBC and ESPN. In crowded Asian market, NBC hopes to stand out with focus on local news

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.