Food Processing

Head of sustainable food debt Suhasini Singh says the Climate Smart Food Systems Fund will use public and private capital to provide credit to agribusinesses in the developing world.

Managing partner Rich Gammill says an opportunity to provide unitranche credit facilities to sponsor-backed food and beverage brands has been created by traditional banks' retreat.

The acquisition will combine two of the world’s leading malt businesses and ends United Malt’s short life as an independent business after spinning out from GrainCorp in 2020.

Glencore’s merger with Bunge brings CPPIB and BCI into the evolving quartet at the heart of global ag trade, albeit in a less direct form than if it had succeeded in creating a true rival.

Paine Schwartz Partners, which previously invested in Costa from 2011-15 before listing it, has bid to acquire it again in a deal worth A$1.6bn.

Participants at the Future Food-Tech Alternative Proteins conference in New York drew encouragement from the USDA's approval of cultivated chicken while examining challenges and opportunities across a diverse set of markets.

Principal Steven Loeffler says the firm will continue to be active in the M&A market and intends to 'go hard' across QualiTech’s markets of animal nutrition, agronomy and food ingredients.

Chief executive Lionel Kambeitz says Above Foods will look to partner with large-scale regenerative operations developed in Saskatchewan, amid regional restrictions on institutional farmland investment.

The Iowa-based firm specializes in providing growth equity capital and succession planning liquidity.

The Indiana-headquartered farmland manager has hired Rick Bodio and Finley Merrill this year to support the expansion.