M&A Transactions
Froneri International / PAI Partners: PAI Partners’ stake in the company was rolled into a continuation fund from PAI Strategic Partnerships for an estimated EUR 3.6 billion on October 2, 2025. The company is a manufacturer of ice cream and frozen dessert products to retail and foodservice channels globally.
Just Eat Takeaway.com / Prosus: The company was acquired by Prosus through a EUR 4.1 billion public-to-private LBO on February 24, 2025. Just Eat Takeaway operates a food ordering and delivery marketplace connecting restaurants with consumers across Europe and North America.
Deliveroo / DoorDash: The company was acquired by DoorDash for GBP 2.9 billion on October 2, 2025. Deliveroo operates a restaurant aggregation and food delivery platform serving consumers and local restaurants across multiple markets.
Fairfax Meadow / Wild Harvest: The company, a subsidiary of Hilton Food Group, was acquired by Wild Harvest for GBP 54 million on September 29, 2025. The company processes and distributes fresh and prepared meat products to the foodservice sector including restaurants, hotels, and catering operations throughout the United Kingdom.
IPM Potato Group / HZPC: HZPC reached a definitive agreement to acquire the company, a subsidiary of Donegal Investment Group, for EUR 16.5 million on October 2, 2025. The company is a producer and distributor of seed potatoes, serving growers, processors, and retail customers across agricultural markets.
Dedicated Foodservice Solutions / MarkeTeam Foodservice: The company was acquired by MarkeTeam Foodservice for an undisclosed amount on September 30, 2025. The company is an operator of a manufacturer’s representative organization selling commercial foodservice equipment and supplies.
Galloway Distillery / Individual Investors: The company was acquired by Mr. Sam Heughan and Mr. Alexander Norouzi for an undisclosed amount on September 30, 2025. The company is a producer of spirits based in Newton Stewart, United Kingdom.
Grand Frais / Clayton, Dubilier & Rice: The company has received bids to be acquired by Clayton and Dubilier & Rice through an LBO as of September 30, 2025 for an undisclosed amount. The potential transaction values the company at EUR 3.5 billion. The company is an operator of a specialty grocery retail chain focused on fresh products across France.
Smartendr / Billy Services: The company was acquired by Billy Services, a subsidiary of Dorst, for an undisclosed amount on September 30, 2025. The company is an operator of digital point-of-sale and inventory management software for hospitality and food service establishments.
Coopland & Son / Individual Investors: The company was acquired by Mr. David Salkeld, Mr. Paul Coopland and other investors for an undisclosed amount on October 1, 2025. The company is an operator of a bakery chain based in Scarborough, United Kingdom.
FeedFeed / People: The company was acquired by People, a subsidiary of IAC, for an undisclosed amount on October 1, 2025. The company is an operator of a food and lifestyle media platform providing recipes and cooking content.
Ceradis / Gowan Company: The company was acquired by Gowan Company for an undisclosed amount on October 2, 2025. The company is a manufacturer of biological crop protection products that prevent fungal diseases and powdery mildew in agricultural applications.
Chocolat Pailhasson / Elior Group: The company was acquired by Elior Group for an undisclosed amount on October 2, 2025. The company is a manufacturer of chocolate and confectionery products for the consumer retail and corporate gift markets.
LoveBiome / Lifevantage: The company was acquired by Lifevantage for an undisclosed amount on October 2, 2025. The company is a producer of nutritional supplements and probiotic products formulated to support digestive health and weight management.
Midjit Market / REBEL Convenience Stores: The company reached a definitive agreement to be acquired by REBEL Convenience Stores, a subsidiary of Anabi Oil, for an undisclosed amount on October 3, 2025. The company is an operator of a chain of convenience stores and fuel stations based in Henderson, Nevada.
Gracious Bakery / Callais Capital Management: The company was acquired by Callais Capital Management through an LBO on October 3, 2025 for an undisclosed amount. The company is an operator of an artisan bakery offering baked goods, pastries, and prepared sandwiches.
Morton Williams Supermarkets / Wakefern Food: The company, a subsidiary of A2Z Cust2Mate Solutions, was acquired by Wakefern Food for an undisclosed amount on October 2, 2025. The company is an operator of a supermarket chain based in the Bronx, New York.
Primepak Foods / Kiril Mischeff: The company was acquired by Kiril Mischeff Group for an undisclosed amount on October 3, 2025. The company is a producer of chilled food products intended to serve retail, delicatessen, and foodservice markets.
Suixtrade / Particip8 Ventures: The company was acquired by Particip8 Ventures for an undisclosed amount on October 1, 2025. The company is a distributor of pomegranate-based products based in Baar, Switzerland.
Western Son Distillery / Sazerac: The company was acquired by Sazerac for an undisclosed amount on October 1, 2025. The company is an operator of a vodka and spirits distillery.
Source: Pitchbook Data, Inc.
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