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Strategies & Market Trends : Speculating in Takeover Targets -- Ignore unavailable to you. Want to Upgrade?

To: richardred who wrote (5543)9/22/2019 9:22:28 PM
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M&A wrap: Grupo Nutresa, Cameron's Coffee, Stripe, Gamut, Riverside

  • Demitri Diakantonis
  • Mary Kathleen Flynn

  • Published
  • September 19 2019, 10:49am EDT

  • Photo credit: Grupo Nutresa
    Food processor Grupo Nutresa SA has acquired Cameron's Coffee from Goldner Hawn for $113 million. The deal expands Grupo Nutresa's U.S. presence, which the company calls "one of the largest and most dynamic coffee markets in the world." Cameron's is a producer of branded and private-label single-serve coffee pods, bagged whole bean and ground coffee and bulk whole bean coffee mainly for the grocery sector. Grupo Nutresa CEO Carlos Ignacio Gallego says: “This acquisition is a new step in Grupo Nutresa’s internationalization process and is aligned with our objective of improving the quality of life of consumers through conscious brands, affordable products and innovative, differentiated value propositions." The company, based in Medellin, Colombia, is a diversified food processing company that sells cold cuts, biscuits, chocolates, ice cream and pasta. Piper Jaffray (NYSE: PJC) advised Goldern Hawn. The buyer was advised by Tully & Holland, Nixon Peabody and EY.

    It’s a milestone year for the Blackstone Group Inc. (NYSE: BX), which transitioned from a publicly-traded partnership to a corporation on July 1. Most recently, the New York firm announced on Sept. 11 the final close of its latest global real estate fund . With $20.5 billion of total capital commitments, Blackstone Real Estate Partners IX is the largest real estate fund ever raised. Mergers & Acquisitions spoke with Stephen A. Schwarzman, the firm’s co-founder, chairman and CEO, on the occasion of his new book, What It Takes: Lessons in the Pursuit of Excellence, published by Avid Reader Press/Simon & Schuster, and released on Sept. 17. Schwarzman, who is speaking at the Economic Club of New York on Sept. 18, shared his perspective on the private equity model, its resilience during recessions and how the industry has evolved over three decades. Read the full story: "Complete control" is the beauty of private equity, says Blackstone's Stephen A. Schwarzman.

    Mergers & Acquisitions seeks nominations for the fifth edition of the Most Influential Women in Mid-Market M&A. The deadline is Oct. 14. To be considered, candidates must be women who are outstanding dealmakers both inside and outside of their firms. Evidence of influence in the broader M&A industry is essential. When nominating a candidate, please explain how she outperforms her colleagues at her firm and in the industry. Please provide examples of deals she has led, initiatives she has launched and other instances that show evidence of her influence in the middle market. An important guide to what we're looking for can be found in the dealmakers we've honored in previous years. See profiles of, and Q&As with, past honorees here.

    Payments platform Stripe Inc. became one of the most highly valued startups in the world on Thursday, after it announced a new funding round at a $35 billion valuation, not counting the more than $1 billion investors have poured into the company. In the U.S., only vaping giant Juul Labs Inc. and the troubled We Co. are more valuable. Stripe raised $250 million in funding in the new round, which the company said will be used to continue to expand around the world and launch new products. Read the full the stories: Stripe becomes third most valuable startup in the U.S. and Stripe's $35 billion valuation powers global battle against consolidating processors.

    Gamut Capital Management is buying American Axle & Manufacturing Holdings Inc.'s (NYSE: AXL) U.S. iron casting operations, also known as Grege, for $245 million. The business being sold manufactures ductile, iron castings and machined parts for the automotive and industrials sectors. "The sale of Grede will enable us to streamline our business, accelerate our debt reduction initiatives and enhance our margin profile," says AAM CEO David Dauch.

    Crossplane Capital has acquired a controlling stake in Accent Family of Cos., which owns wire and building product distributors Accent Wire-Tie, Accent Wire-Tie United Kingdom and Accent Building Materials.

    High Road Capital Partners-backed U-C Coatings has acquired Eco Chemical Inc. The latter is a manufacturer of water-based stains and coatings that are used on pressure treated wood in the manufacturing of wood products such as fencing, decks and exteriors.

    The Riverside Co. has invested in Blue Moon Estate Sales. The target is a real estate franchise that offers estate sale and other services to assist seniors and their families when they are selling the senior’s residence to downsize or transition to a senior living facility.

    Shore Capital Partners has invested in Main Street Gourmet, a wholesale bakery that distributes frozen muffins, cookies and other baked products to the retail and foodservice sectors.

    To: richardred who wrote (5543)9/20/2020 3:58:25 PM
    From: richardred  Read Replies (1) | Respond to of 6562
    RE-Bought FARM (COFFEE) for a possible turnaround play. Order for FARM-Farmer Brothers was executed Friday. Poor earning last Qtr. Hopefully down the road more Mom & Pops open up.