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Food delivery is seeing more consolidation: GrubMarket snaps up FreshGoGo

TechCrunch: M&A

billion, food delivery and supply chain startup backed by Tiger Global, BlackRock and nearly 100 other investors, has snapped up another food delivery startup on its consolidation march: It is acquiring FreshGoGo, a New York-based, B2C platform selling Asian groceries and ready-made dishes. GrubMarket, the $3.6-billion,

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Biotech Spin-Off Transactions

JD Supra: Mergers

As we previously discussed (here and here), the biotech mergers and acquisitions market currently faces significant headwinds. These challenges include frozen capital markets, regulatory uncertainty at the Food and Drug Administration (FDA) and Department of Health and Human Services (HHS), and tariffs. By: Paul Hastings LLP

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Just Miles from Kroger’s Court Battle, a Food Desert Shows What’s at Stake

The New York Times: Mergers, Acquisitions and Dive

Federal regulators are trying to block Kroger’s merger with Albertsons. In a Portland suburb, residents already know what deteriorating access to fresh food looks like.

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La Belle Vie acquires Frichti following bankruptcy process

TechCrunch: M&A

French grocery delivery startup La Belle Vie is acquiring Frichti, another food delivery service that was placed under court-ordered receivership. This is yet another chapter in the tumultuous story of quick commerce and food delivery […]

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DOJ Hits Venue Services Group With $3.5 Million HSR Gun-Jumping Penalty

JD Supra: Mergers

The US Department of Justice (DOJ) filed a complaint and proposed consent decree alleging that Legends Hospitality Parent Holdings prematurely acquired beneficial ownership – often referred to as “gun jumping” – in connection with its proposed acquisition of ASM Global.

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Food and Beverage M&A: Fresh and Healthy Appeal, but Save Room for Dessert

Focus Investment Banking

Like the broader market, the food and beverage industry had its challenges in 2024, from inflation impacting consumer spending to interest rates limiting growth and spending. Yet the food and beverage industry is nothing if not resilient and despite the years challenges, there were bright spots including dealmaking.

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Automattic acquires relationship manager Clay to add an identity layer to online tools

TechCrunch: M&A

As part of the acquisition, which closed last week, Clay’s small team, including its co-founders Zachary Hamed and Matthew Achariam , is joining Automattic’s Other Bets Division. Beyond that, the AI bot is meant to integrate with your daily workflow. This group also includes Beeper and Gravatar.