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.
Hospitality/Food
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.
CrowdFranchise.com offers new twist on crowdfunding
If you've always wanted to own a franchise of Forever Yogurt but can't afford to, CrowdFranchise.com allows prospective investors to become an owner for as low as $1,000.
California startup's growers platform OnFarm gains global recognition
Fresno, California-based agricultural startup OnFarm's growers integrated data platform gained global recognition when it competed in the IBM Global Entrepreneur of the Year Award in 2013 and was included in the top six finalists.
Latest News
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.
Leading event technology and audiovisual firm PSAV has been acquired by private equity firms Olympus Partners and Goldman Sachs. Financial details of the deal were not provided.
Singapore-listed investment holding company Yoma Strategic Holdings agreed to pick up a 30% stake in Myanmar-based consumer goods firm Asia Beverages Co in a deal valued at $11.1 million (S$14.2 million).
