(Bloomberg) Ferrero SpA, the Italy-based chocolatier, has agreed to buy U.K. biscuit maker Burton’s Biscuit Co. from Ontario Teachers’ Pension Plan Board.
As part of the deal, a Ferrero-related company will take over six production facilities in the U.K.
Dubai: A group of Emirates REIT creditors has rejected a proposal to exchange $400 million of sukuk securities for new notes and said they have the numbers to block it.
In a statement on Wednesday, the certificate-holders said their position was communicated to the company and asked for a meeting the following day to discuss the concerns of the Ad-Hoc Group and its requirements for the restructuring process. Rothschild & Co. and Clifford Chance are advising the group.
The creditors formed a so-called steering committee that includes several certificate-holders with large exposure to lead the talks with Emirates REIT, according to a separate document seen by Bloomberg. The steering committee consists of Aberdeen Standard Investments Ltd, GFH Financial Group, Sancta Capital, Shuaa Capital PSC and Oasis Management Co Ltd, the document showed.
L Catterton acquires Kodiak Cakes
Park City L Catterton, the largest global consumer-focused private equity firm, today announced that it has acquired Kodiak Cakes (“Kodiak” or the “Company”), a fast-growing food business built on a mission to inspire healthier eating and active living. Terms of the transaction were not disclosed. Kodiak’s existing shareholders, including Sunrise Strategic Partners, Trilantic North America, and the Company’s founders and management team, will continue to own a significant minority stake in the Company going forward.
Kodiak traces its roots back to 1982 when eight-year-old Joel Clark began selling his mother’s hand-milled pancake mix door-to-door from a little red wagon. Since then, Kodiak has achieved consistent and remarkable growth to become a leading food brand for the active, modern consumer. Today, the Company fulfills its “Nourishment for Today’s Frontier” brand promise by virtue of a product portfolio t
L Catterton Acquires Kodiak Cakes
Positions High-Growth, Better-for-You Food Brand for Continued Expansion and Innovation
With a Loyal Following from the Active, Modern Consumer, Company is Poised to Broaden Leadership Across Categories
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PARK CITY, Utah and GREENWICH, Conn., May 25, 2021 /PRNewswire/
L Catterton, the largest global consumer-focused private equity firm, today announced that it has acquired Kodiak Cakes ( Kodiak or the Company ), a fast-growing food business built on a mission to inspire healthier eating and active living. Terms of the transaction were not disclosed. Kodiak s existing shareholders, including Sunrise Strategic Partners, Trilantic North America, and the Company s founders and management team, will continue to own a significant minority stake in the Company going forward.
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