Alcohol
Plant-based
Functional food
Most transactions involved occurred in niche corners of the industry, such as artisanal drinks: Glasgow Whisky’s acquisition of Speyside Distillers); alcohol-free beers: Big Drop Brewing Company’s investment by Panoramic Growth Equity; and mixers: Bermele’s £25.45 million acquisition of East Imperial.
Deals in alcoholic drinks continued to dominate the food and beverage M&A landscape, accounting for 18.2% of Q2 activity.
Notable transactions in this space included BGF Investment Management’s £11 million Series A investment in plant-based ‘meat’ brand, THIS. Richard Koch, the billionaire backer of Belgo and Plymouth Gin, led a £3 million fundraising round into pea protein producer Novo Farina.
Plant-based foods continues to attract investors, accounting for 12% of of all Q2 deals.
Deals in this space included Andreessen Horowitz and Local Globe’s £10-million seed funding into online meal-kit platform Dishpatch. THG (The Hut Group) continued its buy and build strategy by adding ‘healthier’ snack bar maker Brighter Foods to its stable.
Functional foods accounted for 9% of all deals, with a trend for ready meals and meal kit businesses, a sector that has boomed as a direct response to restaurant dining restrictions.
Most transactions involved occurred in niche corners of the industry, such as artisanal drinks: Glasgow Whisky’s acquisition of Speyside Distillers); alcohol-free beers: Big Drop Brewing Company’s investment by Panoramic Growth Equity; and mixers: Bermele’s £25.45 million acquisition of East Imperial.
Deals in alcoholic drinks continued to dominate the food and beverage M&A landscape, accounting for 18.2% of Q2 activity.
Notable transactions in this space included BGF Investment Management’s £11 million Series A investment in plant-based ‘meat’ brand, THIS. Richard Koch, the billionaire backer of Belgo and Plymouth Gin, led a £3 million fundraising round into pea protein producer Novo Farina.
Plant-based foods continues to attract investors, accounting for 12% of of all Q2 deals.
Deals in this space included Andreessen Horowitz and Local Globe’s £10-million seed funding into online meal-kit platform Dishpatch. THG (The Hut Group) continued its buy and build strategy by adding ‘healthier’ snack bar maker Brighter Foods to its stable.
Functional foods accounted for 9% of all deals, with a trend for ready meals and meal kit businesses, a sector that has boomed as a direct response to restaurant dining restrictions.