AgriFood Business Partners Finance Director Cathal Fitzgerald urged Ireland's food processors and dairy cooperatives to seek capital from private venture sources, the Irish Examiner reported.
Hospitality/Food
Singapore-listed Sunmoon invests in American beverage firm True Drinks
Bukit Batok Crescent, Singapore-based fruit and produce firm Sunmoon Food Company has agreed to buy $250,000 (S$317,200) worth of stocks in Nevada, US-based beverage company True Drinks Holdings at $4 apiece.
San Francisco-based gourmet meals provider Munchery to raise $20M in new funding round- sources
Munchery, a San Francisco-based startup that provides gourmet meals on demand, is gearing up to raise $20 million in a new financing round, according to sources interviewed by TechCrunch.
Investors give foodpanda and affiliate hellofood $20M in additional funding
Investors which include Phenomen Ventures have given additional financing to the tune of $20 million to Rocket Internet-incubated foodpanda and its affiliate hellofood, TechCrunch reported.
40 Israeli firms to be put on auction block for foreign investors
According to a government official, foreign funds are circling the Israeli companies that are going to be put up for sale by the state in a bid to increase competition, Bloomberg reported.
Latest News
Northern England, US-based milk processor Oakhurst Dairy was sold to Kansas City, Missouri-based dairy farmer-owned cooperative Dairy Farmers of America (DFA) for an undisclosed sum because of the absence of a suitable person to run he business.
A regulatory filing with the US Securities and Exchange Commission showed that William Ackman's Pershing Square Capital Management offloaded 7.3 million shares of liquor maker Beam Inc this week, Reuters reported.
Ireland-based food and agribusiness group Origin Enterprises completed the purchase of a 60% stake in Ukraine-based firm Agroscope in a deal valued at $17.6 million (€12.7 million).
The government of Australian Prime Minister Tony Abbott will not be giving fruit processor SPC Ardmona Ltd a $25 million grant because its parent company Coca-Cola Amatil Ltd can restructure the firm on its own, Bloomberg reported.
New York, US-based clean tech firm BrightFarms pocketed $4.9 million in Series B funding to expand its network of greenhouses and promote locally-grown produce in the urban areas of the country.
Blue Bottle Coffee was able to raise a $25.7 million investment in a financing round led by Morgan Stanley Investment Management, a source told TechCrunch.
US-based private equity firm The Carlyle Group invested an undisclosed sum in Ireland-based chocolate maker Lily O'Brien's for the expansion of the latter's global consumer reach.
Ohio, US-based investment firm Rockbridge Partners purchased Honolulu, Hawaii-based Aqua Waikiki Wave Hotel for an undisclosed amount to mark the company's 330th investment in the hotel sector.
Nordic mid-market private equity firm CapMan Buyout picked up a majority stake in Finland-based luxury and lifestyle hotel chain Kamp Group for an undisclosed sum for the expansion of the group's operations.
