M&A analysis
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Analysis & Features
Asda’s EG Group acquisition: everything you need to know
Asda has acquired EG Group’s UK & Ireland operations, and sees a ‘huge runway’ for growth to become the UK’s second-largest grocer again
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Analysis & Features
What Lloyds Pharmacy’s woes says about the state of British chemists
As Lloyds reviews all stores, where do pharmacies go from here?
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Analysis & Features
Cérélia and Jus-Rol: does the CMA have a point in blocking the deal?
Cérélia is appealing the decision, but does the CMA have a point?
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Analysis & Features
How is Valeo Foods performing for Bain after £1.5bn buyout?
Acquisitions are now more complex and the debt mountain is €1.6bn
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Analysis & Features
Tired old Boots needs a beauty makeover after Walgreens cancels sale. But how?
Walgreens Boots Alliance has given up trying to sell the UK pharmacy. So what’s the future for Boots and its many ‘tired high street shops’?
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Analysis & Features
Why is Kellogg’s splitting in three and will it work?
Kellogg’s announced a shock split of its business last week, spinning out North American cereals to focus on its higher-growth snacking brands
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Analysis & Features
Back to the drawing board: what does Unilever do now?
Its £50bn bid for GSK’s consumer healthcare business rejected, can Unilever’s under-pressure management restore City trust?
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Analysis & Features
Can Boots really be worth more than Asda and Morrisons? And who would buy it?
Reports have suggested the chain could be worth as much as £10bn in a spin-off by Walgreens. What’s it really worth and who might buy?
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Analysis & Features
What will CVC do with Ekaterra, Unilever’s tea business?
Unilever has offloaded the brands to CVC Capital Partners in a €4.5bn sale
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Analysis & Features
What the arrival of ex-Tesco CEO Terry Leahy means for Morrisons
Will the former Tesco and B&M boss take a more hands-on role? And how will he change how the business operates?
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Analysis & Features
The contenders to buy EG Group if the Issas sell to focus on Asda
Reports suggest the brothers are exploring a £10bn-plus sale. EG Group has long been seen as an IPO contender, but a sale jars with the synergies attained via the Issa brothers’ purchase of Asda this year
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Analysis & Features
How Covid-19 cuts value of merger and acquisition deals
Global 50 M&A levels were weak during Covid – the lowest level for well over a decade. Deals were worth $22bn from 45 deals, down from 2019’s $45bn from 48 deals. Activity was led by PepsiCo’s $3.9bn deal for Rockstar, while Nestlé made a $1.7bn bio-pharma bet ...
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Analysis & Features
Ex-Tesco CEO Terry Leahy outlines CD&R’s case for buying £7bn Morrisons
‘We want to build on the traditional strengths of Morrisons with innovation, capital and new technologies,’ vows Leahy
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Analysis & Features
Rapid delivery: where is the fast-moving sector going?
A raft of ‘q-commerce’ players have quickly established themselves. As the market matures, will they prosper or find themselves snapped up?
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Analysis & Features
What the Newlat acquisition means for Symington’s
The Italian group has snapped up UK’s Symington’s in a £53m deal. What are its plans?
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Analysis & Features
Why private equity wants to take UK food and drink assets off the shelf
As the bidding war for Morrisons heats up, which other grocery retailers and suppliers could be vulnerable to private equity approaches?
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Analysis & Features
Protection vs plundering: why Morrisons is backing the Fortress bid
The Morrisons board has announced its support for a £6.3bn cash offer from Majestic Wine owner Fortress Investment Group. Here’s why
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Analysis & Features
What does £5.5bn takeover tussle mean for Morrisons?
Clayton Dubilier & Rice has form in UK retail. Is its bid likely to succeed, and what would the implications be for Morrisons and the sector?
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Analysis & Features
Why did Pilgrim’s Pride pounce on Kerry’s meat business?
What made the deal a good fit for both parties? And what next?
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Analysis & Features
What does the union of Fox’s and Burton’s mean for biscuits?
Following Ferrero’s deal, the third-largest biscuit maker in the UK market has been created. So where does Burton’s fit into its plans?