M&A

With a string of big deals in Australia and elsewhere, Canadian investors continued to flex their muscles and demonstrate their commitment to the asset class in 2023.

The firm has been in conversations with certain LPs about bringing Fund VI to market, likely next year, sources said.

Ronin formed Lotus Beverage Alliance in April when the PE firm merged six craft beverage equipment providers.

Aqua Capital says it established Biotrop in 2017, instead of entering the market via an acquisition, due to a lack of reasonably priced companies with market presence and proprietary technology.

The deal means a partial realization of Paine Schwartz’s 2019 investment into Special New Fruit Licensing.

Glencore’s merger with Bunge brings CPPIB and BCI into the evolving quartet at the heart of global ag trade, albeit in a less direct form than if it had succeeded in creating a true rival.

Sustainable Agro Solutions and Biovert both specialise in agricultural inputs and have presence across global markets.

Mayfair Equity Partners created the Snowfox Group in 2021, having grown it from a 2015 investment in British sushi brand YO!.

As the market begins to cool slightly, producers are increasingly trying to make themselves investor-ready – which presents an opportunity for buyers, too, say PwC's Kosta Kangelaris and Jaclyn Hope.

The acquisition follows a December deal with Restaurant Brands International to expand the Burger King and Popeyes brands across several countries in eastern Europe.