Fortune’s Post

NEWS: Carlsberg will acquire 20% of Mikkeller, with Mikkel Bjergsø remaining as CEO and majority owner. US-based Orkila capital will remain the second-largest shareholder after Bjergsø, according to a Carlsberg announcement. The deal will also see Carlsberg distribute Mikkeller beer in Denmark, beginning in the second half of 2024. The aim is to “increase Mikkeller’s sales and distribution in Denmark.” Mikkeller bars and restaurants will continue to operate as-is. Background on the company’s structure before the Carlsberg investment:

📢 Exciting News Alert! In a significant move for the bakery industry, private equity fund CVC Capital Partners has acquired the entire stake in the MONBAKE group, which specializes in frozen bakery dough. This acquisition aims to drive Monbake's growth and continue its global expansion. 💼 The Monbake group, formed by the merger of Berlys and Bellsolá in 2018, has become a key player in Spain's bakery sector. With Ardian's support, it solidified its position among the top three industry players in Spain. 🚀 CVC's entry follows Ardian's successful six-year investment cycle, signaling a new phase of growth for Monbake. The British fund brings extensive industry experience and a commitment to Monbake's roadmap, supporting its global expansion strategy. 📈 This partnership between CVC and Monbake not only signifies a strategic investment in the bakery industry but also underscores the importance of Spanish businesses on the global stage. Together, they aim to strengthen Monbake's position as a leader in the sector and drive innovation in the ever-evolving bakery market. Read the complete news article➡ https://lnkd.in/dZRgfMtf #Monbake #CVC #BakeryIndustry #GlobalExpansion #Innovation #Partnership #Spain

#Privateequity is unleashed on Italian food chains. While new dossiers such as BURGEZ srl PIZZIUM Spa Old Wild West, Il Mannarino and Cioccolatitaliani heat up, funds are increasingly attracted to a sector worth over 6 billion in Italy: Cigierre - Compagnia Generale Ristorazione Spa sells Temakinho S.p.A. to Mutares SE & Co. KGaA, CVC Capital Partners buys La Piadineria for 600 million, #Benettonjr invests in #catering with ME Food Solutions and the Beyond Investment Group club deal focuses on GetYourGuide The acquisition of Temakinho, which took place a few days ago, by the German fund Mutares was concluded with Cigierre (a company controlled by BC Partners) but the deal worth over 300 million conducted in January by CVC on La Piadineria is certainly destined to change the face of deals in restaurant chains.

CVC Capital Partners purchases Spain’s Monbake Group - Monbake Group, a frozen baked-goods business in Spain, has been acquired by Luxembourg-based private-equity firm CVC Capital Partners. The acquisition was made from France-based investment company Ardian and co-investors Alantra, Artá, and Landon. Financial details were not disclosed in a statement from CVC Capital, but according to the Spanish publication El Confidencial, the price is estimated to be close to €1bn ($1.08bn). “After six years of supporting the domestic and global growth of the company and with the initial objectives achieved, Ardian considers that the investment cycle has ended, and will now allow CVC to spearhead the next phase of... - https://lnkd.in/evnvZj8K

B9 Beverages, the holding company of Bira 91 and The Beer Cafe, has successfully concluded a $50 million fundraising round, securing $25 million through external commercial borrowing (ECB) from Kirin Holdings Singapore Pte, Ltd.. Founded in 2015 by Ankur Jain, Bira 91 had earlier received $25 million from Tiger Pacific Capital LP, valuing the company at approximately $625 million. Kirin Holdings, an existing investor, provided the ECB in two tranches of $12.5 million each, with the option to convert these into Series D Compulsorily Convertible Preference Shares (CCPS) later. Based in Delhi, B9 Beverages has raised over $450 million to date from investors like Peak XV Partners and Sixth Sense Ventures. The funds will support Bira 91's expansion efforts amidst a competitive craft beer market, supporting its diverse product offerings and distribution network. #B9Beverages #Bira91 #TheBeerCafe #CraftBeer #ECB #KirinHoldings #InvestmentRound #SeriesD #ExpansionStrategy #CraftBeerIndustry #startup77

We asked Samuil Angelov, one of Finland's leading sommeliers and restaurateurs and a member of the WineFortune investment fund's advisory board, why he thinks people should invest in wines. 🍷 ——— In addition to investing in wines, you can currently also become a shareholder of WineFortune with an investment starting at €500. Join us and be part of the wine investment revolution. More info on SeedBlink platform. ——— #wineinvestment #winestartup #startupinvestment #winefund

Marriage in heaven: Carlsberg Group acquires a minority stake in Mikkeller and will leverage its local scale to distribute Mikkeller in Denmark This is a bit of a personal post as I always admired Mikkeller: i) They craft beautiful & often very creative beers (they released more than 2000 beers over the last two decades) ii) They are truly rebels because they have a really alternative business model. They are (almost) asset-light (they own very few brewery assets & rely mostly on a network of partners) iii) They own vibrant restaurants & bars across the world (some are micro-breweries, some are tap rooms) which enabled them to sell DTC at on-trade prices without last-mile delivery costs (although brewing cost must come as a slight premium) and most importantly to nurture high-quality direct relationship with consumers iv) They are obsessed about proposing the best food & beverage experience: some of their restaurants have even a Michelin star (Upstairs at Mikkeller - Japanese). I have fond memories of a beer tasting evening at The Warpigs in the Meat Packing district in Copenhagen where I had to try 10+ beers including at the end a 18% alcohol one (the Big Worst - not really Dry January)... crazy Thanks again Per Kristian Jørgensen & team! v) They have an impressive consumer community (e.g. their weekly running club in Copenhagen is legendary and has grown overseas to 50+ chapters across Europe/ US/ Asia) They do not communicate financials & we do not have a view about how truly great their business is but as a consumer, I am glad they expand distribution Exciting times for Mikkeller & Carlsberg Group Wishing them all the best #fmcg #cpg #mergersacquisitionsdivestitures Frederic Fernandez & Associates The HEINEKEN Company AB InBev Asahi Beverages The Coca-Cola Company PepsiCo https://lnkd.in/eeYWRnRn

Alantra Private Equity is pleased to announce it has agreed to sell its portfolio company Frías Nutrición S.A.U., a leading manufacturer of plant-based drinks, to Refresco, a global independent beverage group with presence in Europe, North America, and Australia. Alantra Private Equity Fund III acquired Frías in 2019 and implemented an ambitious growth strategy in collaboration with the Frías family, which included professionalizing the management and transitioning the founding family who also sold to Refresco. Today, Frías is well positioned to capitalize on the growing global popularity of healthy food and beverage options. Bruno Delgado Luque, Partner of Alantra Private Equity, commented: “Since we acquired Frías in 2019, the company has been on a remarkable growth trajectory, confirming its leadership position in the Iberian Peninsula, and expanding its international business. Together with the Frías family, we launched a major investment plan that resulted in the creation of one of the most modern and efficient plant-based drinks factories in Europe. We are confident that Frías has a bright future ahead and will continue its successful growth with the support of Refresco.” Read more: https://lnkd.in/dHxneJ9e #PrivateEquity #SuccessfullExit #FoodSector

Exciting news as promised 🔥🔥🔥 ... we're thrilled to share that we are welcoming to the non executive board of Tom Savano, an industry legend - Jonathan Stordy! Jonathan's career has involved thirty five years management of global brands and teams in both multinationals and family-owned companies, including Commercial MD of Diageo UK, MD Diageo Spain, CEO of Russian Standard Vodka, Beam, Unilever, San Miguel and Spanish brewer Grupo Agora. 🍺 We are beyond thrilled to have someone of his character and calibre joining our advisory board, and are extremely excited about the next few years with many, many plans that make me tingle just to think about them! 😮 As a reminder, we are currently 💰💰💰 raising EIS investment 💰💰💰 to fuel our growth plans which include international expansion, two major airline launches, theatre contracts, and grocery listings. We are 40% subscribed but if you would like to know more, please send me a message to see the Investor Deck! #ned #drinksindustry #rtd #alcohol #tequila #invest #investor #eis #investment

🌱🥩 PRIVATE EQUITY FIRM COMITIS CAPITAL ACQUIRES UK TOFU LEADER THE TOFOO CO The Tofoo Co has been acquired by German private equity firm Comitis Capital, which has taken a majority stake in the business, while the previous Japanese investor has exited Co-founders Dave Knibbs and Lydia Smith will continue as investors in the business and steer its next stage of growth in the UK and international markets. “The Tofoo Co has plans to grow further – both with existing and new customers and channels – and needed a strong and proactive partner to help that growth journey,” said Smith. “Comitis is a great fit as that partner for this next chapter of Tofoo Co’s growth journey.” “David and Lydia have built a remarkable enterprise that is ready for the next phase of growth. The Tofoo Co represents a great addition to our portfolio, covering the thriving plant-based food market,” said Comitis Capital managing partner Nikolaus Bethlen. The acquisition comes after The Tofoo Co had enlisted Piper Sandler to conduct an auction process for the Yorkshire-based business in April. Smith and Knibbs established The Tofoo Co in 2016 and capitalised on the rising interest in vegan food in the UK. Its products are stocked at every major retailer in the UK, and are used by foodservice giants like Starbucks, Holiday Inn, wagamama and itsu. The company has now overtaken Cauldron as the second-largest meat-free brand in the UK (with 10.5% of market share), behind only Quorn Foods. Read the full article here: https://lnkd.in/emvU-x9m #GreenQueen #plantbasedmeat #vegan #foodsystems #sustainability