Food

Philadelphia-based owners aim to expand the company’s presence in the growing healthy snack food sector through acquisitions.

Private equity investment firm Brynwood Partners’ majority-owned portfolio company Harvest Hill Beverage Company has acquired the beverage manufacturing assets of Faribault Foods.

The firm, which spun out of HM Capital Partners about four years ago, closed its second fund on nearly double the amount of capital raised for its debut fund.

The investment in the maker of Pasta Chips, a 'better-for-you' alternative to potato crisps, is the latest in a series of organic and health food investments.

A 78 percent fall in deal value and 59 percent decline in the number of deals is due in large part to declines in food tech and online grocery deals.

Report says $320bn of investment could be worth $3.2trn annually and could generate 80 million jobs by 2030.

Palladium’s acquisition of a significant stake in California-based Del Real Foods was backed with a $121m senior debt facility arranged by Antares.

New Hope Group, which could invest A$1bn in Australian agribusiness over the next three years, is opening the first Sino-Australian free trade zone near Shanghai.

Following a N$300m commitment from the Government Institutions Pensions Fund Namibia, the fund expects to raise a further N$150m from local pension funds.

The fund has brought on its second institutional investor after MainPERS confirmed an investment in the fund in September.