Hilton Worldwide Inc, the world's largest hotel operator, raised roughly $2.34 billion in its IPO on Wednesday after pricing shares toward the high end of the range.
Hospitality/Food
Chefs' Warehouse acquires Chicago's Allen Brothers for $29.9 million
Chicago steak and seafood supplier Allen Brothers has been sold to publicly-traded specialty food products distributor Chefs' Warehouse Inc. for $29.9 million. Under the deal, Chefs' Warehouse will be paying $20 million in cash and $9.9 million in debt.
Dangote pushes for $16B investment in cement, agriculture, industrials
Aliko Dangote, the richest man in Africa and Chief Executive of Nigerian company Dangote Group, plans to invest around $16 billion in cement, agriculture, and petrochemicals project in 18 countries over the next four years.
Report says Anheuser-Busch InBev begins talks to buyback South Korea's Oriental Brewery
The New York Times said private equity investors of Oriental Brewery in South Korea could stand to gain a 34% annualized return on their original investment of the brewery.
Google Ventures helps raise $1.2M for San Francisco smart kitchen company The Orange Chef
San Francisco-based smart kitchen company The Orange Chef has received $1.2 million in funding from Google Ventures and Sparklabs Global Ventures to develop more connected kitchen devices.
Latest News
Discovery Communications is looking to buy Food Network majority owner Scripps Networks Interactive. The possible deal could bring in a combined market capitalization of $43 billion.
Australia-based dairy firm Bega Cheese's offered to merge with Murray Goulburn to to preserve the Australian ownership of Warrnambool Cheese and Butter (WCB), amid a three-way bidding contest with Saputo for WCB.
BBX Capital Corporation announced its acquisition of Florida-based premier chocolate product provider Hoffman's Chocolates, including its subsidiaries Good Fortunes and Boca Bons, for an undisclosed sum.
The National Stock Exchange data revealed Heineken International BV today increased its shareholder interest in India's United Breweries for USD45.8 million or INR2.8 billion.
Monsanto Company and Novozymes A/S formed a strategic cooperation called "The BioAg Alliance" in order to capitalize each other's capabilities in microbial technologies and commercial markets.
Sysco Corp announced it will buy rival US Foods for USD3.5 billion in a merger deal that will create a food distribution giant with around USD65 billion in annual revenue.
Food-related companies like Hampton Creek Foods are seeing a rise in financial support from private equity firms and angel investors in the past few months to develop plant-based alternatives to food like eggs.
Bloomberg said in its report that nutrition company Herbalife Ltd attempted to destroy activist investor Bill Ackman's credibility after the latter claimed that the former is running a pyramid scheme.
Dairy products company WhiteWave Foods is set to acquire organic food producer Earthbound Farm from its existing shareholders including founders Drew and Myra Goodman and Kainos Capital for USD600 million.
