Consumer sector activity covers retail, consumer goods, food & beverage, and hospitality. Shifting consumer preferences and digital commerce drive both strategic and sponsor-led transactions.
Nestlé has announced a further exit from its ice cream activities, with Froneri shareholders PAI Partners, ADIA and Goldman Sachs set to buy what remains of the business. Financial terms were not disclosed.
Danish fermentation specialist REDUCED has brought its Series A to EUR 12 million with a EUR 4 million extension. The round backs production scale-up and a broader natural savoury ingredients portfolio made from food side streams.
US lingerie retailer Journelle has agreed to acquire Valery, a historic Italian lingerie brand previously owned by the Demichelis family. Financial terms were not disclosed.
Carrefour has agreed to sell Carrefour Romania to local investor Paval Holding for EUR 823 million, accelerating its portfolio refocus and handing a 478-store network to a domestic retail consolidator.
UK consumer wellness brand Gutology has raised EUR 2 million in seed funding to scale its microbiome-friendly toothpaste, expand internationally and deepen clinical research.
UK consumer startup Gutology has raised EUR 1.42m in funding from Midlands Engine Investment Fund II, Mercia Ventures, Active Partners and angels to expand retail reach and international sales.
TDR Capital has been lined up as preferred bidder for Costa Coffee in a deal pitched around EUR 1.6 billion, but price negotiations with Coca-Cola have reportedly stalled. The widening value gap versus Coca-Cola’s 2018 entry frames an against-trend moment for branded consumer assets.
Dutch specialty coffee brand Wakuli has raised EUR 5 million from ECBF and Rabobank to expand its regenerative supply chain and retail footprint. The round brings total funding to EUR 9.25 million.
South Africa's Mr Price is acquiring German discount retailer NKD from TDR Capital for EUR 487 million, a step-change move into European value retail.
Ball Corporation will acquire an 80% stake in Belgium-based Benepack for about EUR 184 million, adding plants in Belgium and Hungary as it pushes deeper into recyclable aluminum beverage packaging.