The board of Texas, US-based games and restaurant chain Chuck E. Cheese's approved its acquisition by an affiliate of investor Apollo Global Management in a $950-million leveraged buyout deal.
Hospitality/Food
Frontier markets competitive in providing 'long-term capital' - report
Private equity firm Leopard Capital is an opportunistic investor that prefers to invest in frontier markets in Asia where it can be competitive in giving long-term capital, co-founder Ken Stevens tells Forbes contributor Jon Springer in an interview.
Private equity-owned Miller's Ale House chain withdraws deal from Pittsburgh's SouthSide Works
Miller's Ale House, a chain of restaurants owned by private equity firm Roark Capital Group, has withdrawn from a deal to build a restaurant in Pittsburgh's SouthSide Works Complex, the Pittsburgh Post-Gazette reported.
Harris Teeter Supermarkets Inc, Kroger Co say US FTC gives approval to deal
The US Federal Trade Commission has given its approval to the purchase of Harris Teeter by Kroger Co, according to a statement from both supermarket chains, Reuters reported.
Belgium's AB InBev to reacquire Oriental Brewery Co Ltd from KKR & Co, Affinity Equity Partners Ltd- sources
Anheuser-Busch InBev is looking to repurchase Oriental Brewery Co from private equity companies KKR & Co and Affinity Equity Partners Ltd, according to sources interviewed by Bloomberg.
Latest News
Canada-based Saputo Inc is closer to its takeover attempt of Australia's Warrnambool Cheese & Butter Factory Co as Bega Cheese Ltd said it had agreed to sell its holding to Saputo, Bloomberg reported.
Philippine-based food and beverage manufacturer RFM Corp bought the Royal brand and pasta business from UK-based firm Unilever Group in a deal valued at approximately $47.8 million (PHP2.1 billion).
Beverage companies who want to get a piece of the pie in the fast-growing instant coffee market in Asia will find that the best firm for a takeover would be Super Group Ltd, Bloomberg reported.
The private equity arm of London-based banking firm Standard Chartered picked up a 13% stake in Botswana-based supermarket chain Choppies Enterprises in a deal valued at $6 million.
Hony Capital Ltd, a Chinese private equity firm, is mulling a potential bid for United Biscuits Holdings Ltd owned by Blackstone Group and PAI Partners, according to sources interviewed by Bloomberg.
Japan-based railway and hotel group Seibu Holdings Inc and top shareholder Cerberus Capital Management LP agreed on a Tokyo listing for the Japanese firm in April, according to sources familiar with the situation.
China-based food and beverage manufacturer Bright Food (Group) Co Ltd agreed to buy Australia-based dairy firm Mundella Foods through its Australian subsidiary, Manassen Foods, for an undisclosed amount.
Centerview Partners is set to split fees reaching $90 million with two other banks involved in the transaction between Beam Inc and Suntory Holdings Ltd, Bloomberg reported.
Japan-based beverage firm Suntory Holdings Ltd announced that it would add US-based spirits company Beam Inc in a $13.6-billion cash deal to facilitate overseas growth for the Japanese firm.
