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  • Quintessential Brands Raises €28 Million For the Dublin Liberties Whiskey Distillery Quintessential Brands has announced a major investment in the Dublin Liberties Distillery Company including new banking facilities. It has agreed an €18.3 million investment by Stock Spirits Group in return for a 25% equity interest in Quintessential Brands Irish Whiskey Ltd (QBIW). QBIW owns The Dublin Liberties and The Dubliner Irish Whiskey brands and last year announced the construction [...]...
  • O’Kale Krisps Wins University College Dublin’s 2017 Start-Up Programme For Students University College Dublin (UCD) has announced O’Kale Krisps (www.okalekrisps.com) as the overall winner of the 2017 UCD Startup Stars Programme. This year’s  programme, the University’s start-up support initiative for student entrepreneurs, has just ended at NovaUCD. O’Kale Krisps, an early-stage food venture, has developed low-calorie, highly nutritious and air-dried kale crisps to give consumers a unique [...]...
  • Nestlé to Support Start-ups Through Terra Accelerator Nestlé is expanding its support for innovative start-ups in the USA. Nestlé USA will enter into a new partnership with Rabobank and RocketSpace for the Terra Food + Agtech Accelerator programme. Nestlé will work with Terra and other corporate collaborators to select and coach some of the most innovative and disruptive start-ups in the food and [...]...
  • EU Support Scheme Helps to Reduce Milk Production Nearly 44,000 farmers from across the EU have applied for support from the EU for agreeing to voluntarily reduce their production of milk by nearly 852,000t in the last quarter of 2016. This EU milk production reduction scheme, launched last summer and financed with €150 million, was one of the flagship measures decided by the [...]...
  • Startup Funding Club Raises Funds For Food and Drink Start-ups Nom Noms and Arctic Power Berries Startup Funding Club has recently invested £220,000 into Nom Noms and Arctic Power Berries. The early-stage companies are both part of the UK food and drink sector and have developed high-quality healthy products. The funds received have been raised through Startup Funding Club’s award-winning angel syndicate, strengthening once more its leading position as the most [...]...
  • Major Transition at Aryzta ARYZTA, the Zurich-based global food business with a leadership position in speciality bakery, has announced changes to its capital structure along with a strategic review of its investment in joint ventures and major changes to its senior management. ARYZTA has increased the covenant headroom under its senior revolving credit facility, thereby providing the Group with enhanced [...]...

Quintessential Brands Raises €28 Million For the Dublin Liberties Whiskey Distillery

    Quintessential Brands Raises €28 Million For the Dublin Liberties Whiskey Distillery

Quintessential Brands has announced a major investment in the Dublin Liberties Distillery Company including new banking facilities. It has agreed an €18.3 million investment by Stock Spirits Group in return for a 25% equity interest in Quintessential Brands Irish Whiskey Ltd (QBIW). QBIW owns The Dublin Liberties and The Dubliner Irish Whiskey brands and last year announced the construction […]

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O’Kale Krisps Wins University College Dublin’s 2017 Start-Up Programme For Students

    O’Kale Krisps Wins University College Dublin’s 2017 Start-Up Programme For Students

University College Dublin (UCD) has announced O’Kale Krisps (www.okalekrisps.com) as the overall winner of the 2017 UCD Startup Stars Programme. This year’s  programme, the University’s start-up support initiative for student entrepreneurs, has just ended at NovaUCD.
O’Kale Krisps, an early-stage food venture, has developed low-calorie, highly nutritious and air-dried kale crisps to give consumers a unique […]

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Nestlé to Support Start-ups Through Terra Accelerator

    Nestlé to Support Start-ups Through Terra Accelerator

Nestlé is expanding its support for innovative start-ups in the USA. Nestlé USA will enter into a new partnership with Rabobank and RocketSpace for the Terra Food + Agtech Accelerator programme.
Nestlé will work with Terra and other corporate collaborators to select and coach some of the most innovative and disruptive start-ups in the food and […]

Read Full Article

EU Support Scheme Helps to Reduce Milk Production

    EU Support Scheme Helps to Reduce Milk Production

Nearly 44,000 farmers from across the EU have applied for support from the EU for agreeing to voluntarily reduce their production of milk by nearly 852,000t in the last quarter of 2016. This EU milk production reduction scheme, launched last summer and financed with €150 million, was one of the flagship measures decided by the […]

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Startup Funding Club Raises Funds For Food and Drink Start-ups Nom Noms and Arctic Power Berries

    Startup Funding Club Raises Funds For Food and Drink Start-ups Nom Noms and Arctic Power Berries

Startup Funding Club has recently invested £220,000 into Nom Noms and Arctic Power Berries. The early-stage companies are both part of the UK food and drink sector and have developed high-quality healthy products. The funds received have been raised through Startup Funding Club’s award-winning angel syndicate, strengthening once more its leading position as the most […]

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Major Transition at Aryzta

    Major Transition at Aryzta

ARYZTA, the Zurich-based global food business with a leadership position in speciality bakery, has announced changes to its capital structure along with a strategic review of its investment in joint ventures and major changes to its senior management.
ARYZTA has increased the covenant headroom under its senior revolving credit facility, thereby providing the Group with enhanced […]

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€214 Million Investment in Food Union Group

    €214 Million Investment in Food Union Group

Food Union Group, an international group of dairy and ice cream producing companies with a strong market share in Northern Europe and Latvia, has received a combined €214 million (US$225 million) investment from PAG, one of Asia’s largest private equity firms, and Meridian Capital, an existing investor.
Food Union’s businesses include milk processing as well as […]

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The Seed Fund Opens For Entry to Fledgling Food and Drink Businesses Across the UK

    The Seed Fund Opens For Entry to Fledgling Food and Drink Businesses Across the UK

Seeking food and drink’s entrepreneurial stars of tomorrow, The Seed Fund has announced that its annual competition is open for entries from Wednesday 1 February. A philanthropic organisation, which nurtures small and start up food and drink businesses, The Seed Fund is in its fourth year of activity.
Extending its reach across the UK in 2017, […]

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Piccolo Brand Joins New Female-led Funding Platform

    Piccolo Brand Joins New Female-led Funding Platform

Piccolo, the Med-inspired organic baby food brand that has successfully challenged its category with fresh flavours and artisan design, has been selected for the new crowd-funding initiative from AllBright – a unique funding platform committed to investing in and supporting female founders.
As a brand that already has two influential female investors, Jan Woods, former head […]

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€50 Million Loan For Polish Dairy Co-operative

    €50 Million Loan For Polish Dairy Co-operative

The European Investment Bank (EIB) is lending €50 million (some PLN220 million) to dairy co-operative Mlekpol, Poland’s largest dairy manufacturer, for the construction of a powdered dairy production plant in Eastern Poland.  The EIB financing for the 2200 employee co-operative is guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the European Commission’s Investment […]

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160€ Million For Agricultural SMEs in Hungary

    160€ Million For Agricultural SMEs in Hungary

The European Investment Fund (EIF) and Agrár-Vállalkozási Hitelgarancia Alapítvány (AVHGA) have signed a COSME agreement to enhance access to finance to up to 2,000 small and medium-sized enterprises (SMEs) primarily in the agricultural sectors in Hungary. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan […]

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Investment in Meadow Foods

    Investment in Meadow Foods

Meadow Foods, the UK’s largest independently owned dairy group and a leading supplier of milk and dairy ingredients to the food industry, has completed a strategic investment with Paine & Partners, a leading global food and agribusiness investment firm. This strategic investment is to support Meadow Foods’ strategy to grow the business through organic expansion […]

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Facing Up to Brexit and Price Deflation in the Food and Beverage Sector

    Facing Up to Brexit and Price Deflation in the Food and Beverage Sector

By Ian Hunter, Senior Equity Analyst at Investec
Across our three main businesses in Investec Ireland (Corporate Treasury, Corporate Finance and Wealth & Investment), we have been working with clients to address the many challenges and opportunities thrown up by both BREXIT and deflation in food retail. Volatile currency markets pose real challenges in terms of […]

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Enterprise Ireland Launches €500,000 Competitive Start Fund to Support Agricultural and Manufacturing Start-Ups

    Enterprise Ireland Launches €500,000 Competitive Start Fund to Support Agricultural and Manufacturing Start-Ups

The Irish Government has launched a new €500,000 Enterprise Ireland Competitive Start Fund to support start-up activity in the agricultural and manufacturing sectors. The Enterprise Ireland Fund, which provides €50,000 in equity funding for each successful applicant will open for submissions on Wednesday 21st September and will close at 3 pm Wednesday 5th October 2016.
Now […]

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‘Brexit’ – The Challenges and Opportunities Facing Irish Food and Drink Sector

    ‘Brexit’ – The Challenges and Opportunities Facing Irish Food and Drink Sector

By Ian Hunter, Senior Equity Analyst at Investec
Across our main businesses in Investec Ireland – Corporate Treasury, Corporate Finance and Wealth & Investment – we have been working with clients in the food and drink sector to address the many challenges and opportunities thrown up by ‘Brexit’.
Brexit has closed IPO markets for now, tightened debt […]

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€200k Feasibility Fund to Support Next Generation of Agri-business in Ireland

    €200k Feasibility Fund to Support Next Generation of Agri-business in Ireland

The Irish Government has launched a new Enterprise Ireland Competitive Feasibility Fund for agri-businesses. The Fund, which can provide up to €25,000 per initiative, is aimed at stimulating innovative start-ups and creating jobs and growth in the Irish agri-business sector.
The Fund, which is now open for applications from entrepreneurs and early stage start-up companies, will […]

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Canadian Beverage Group Invests in Irish Craft Distiller

    Canadian Beverage Group Invests in Irish Craft Distiller

Mark Anthony Group, a privately owned Canadian beverage company, is reported to have invested €5.5 million for a significant but undisclosed stake in Glendalough Distillery, an Irish craft spirits producer based in County Wicklow. The Glendalough Distillery was set up in 2011 by five friends from Wicklow and Dublin with a deep passion for reviving […]

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Deliveroo Raises Capital to Drive Innovation in Global Food Delivery

    Deliveroo Raises Capital to Drive Innovation in Global Food Delivery

Deliveroo, the global on-demand food delivery service, has announced a $275 million Series E investment, led by Bridgepoint, existing investor DST Global, and General Catalyst with participation from existing investor Greenoaks Capital. Since its Series D round in November, Deliveroo has achieved over 400% growth and reached profitability in a number of its established markets. […]

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New Support Package Worth €500 Million For European Farmers

    New Support Package Worth €500 Million For European Farmers

The European Commission has presented a new package of measures worth €500 million from EU funds to support farmers in the face of ongoing market difficulties, particularly on the dairy market. The package contains three main elements:
* A EU-wide scheme to incentivise a reduction in milk production (€150 million).
* Conditional adjustment aid to be defined […]

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EIB Supports FrieslandCampina’s Research and Development Activities

    EIB Supports FrieslandCampina’s Research and Development Activities

The European Investment Bank (EIB) has signed a €150 million loan with FrieslandCampina for R&D activities in Europe, its first ever loan to a company in the Dutch agricultural sector.
FrieslandCampina’s roots go back to 1871, when nine farmers took over a cheese factory in Wieringerwaard in the Netherlands. Through mergers it has become one of […]

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Kellogg Company Establishes Venture Capital Fund To Support Growth

    Kellogg Company Establishes Venture Capital Fund To Support Growth

Kellogg Company is establishing eighteen94 capital (1894) to make minority investments in companies pursuing next-generation innovation, bolstering access to cutting-edge ideas and trends. The investment mandate includes start-up businesses pioneering new ingredients, foods, packaging, and enabling technology.
“As consumer preferences move toward more diverse tastes and trends, the pace of innovation in the packaged food industry […]

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Arla Foods Broadens Its Funding Base

    Arla Foods Broadens Its Funding Base

International dairy group Arla Foods has successfully priced an issuance of 5-year SEK bonds for a principal amount of SEK1 billion maturing on 31 May 2021 guaranteed by Arla Foods amba.
The bonds are split into two tranches: SEK500 million fixed with a coupon of 1.875%, and SEK500 million floating rate with a coupon of STIBOR […]

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Unilever Issues €1.5 Billion Bonds on European Markets

  Unilever Issues €1.5 Billion Bonds on European Markets

Unilever has priced €1.5 billion in bonds on the European Markets. The bonds comprise €300,000,000 of 0 per cent Fixed Rate Notes due April 2020, €500,000,000 of 0.5 per cent Fixed Rate Notes due April 2024 and € 700,000,000 of 1.125 per cent Fixed Rate Notes due April 2028.
They are issued by Unilever NV and […]

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IFAD and EIB Join Forces in Support of Agricultural Development

  IFAD and EIB Join Forces in Support of Agricultural Development

The European Investment Bank (EIB) and the International Fund for Agricultural Development (IFAD) have signed an agreement to reinforce and expand cooperation between the two organisations. The agreement reflects the shared focus of IFAD and EIB on developing agribusiness and creating jobs and prosperity in the countries where the two organisations both operate. In the […]

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HBAN-backed Soopa Pets to Expand

  HBAN-backed Soopa Pets to Expand

Halo Business Angel Network (HBAN) Food Syndicate, the all-Ireland group responsible for promoting business angel investment, has announced an investment in Soopa Pets, the maker of healthy and nutritious dog treats. The €400,000 funding was led by business angels from the HBAN Food Syndicate, with support from Enterprise Ireland, and will see the creation of […]

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Proposal to Introduce Public Reporting Requirements For the Largest Companies Operating in the EU

  Proposal to Introduce Public Reporting Requirements For the Largest Companies Operating in the EU

The European Commission has presented a proposal which leads the way towards greater corporate tax transparency by introducing public reporting requirements for the largest companies operating in the EU. The plans will build on the Commission’s work to tackle corporate tax avoidance in Europe, estimated to cost EU countries €50-70 billion a year in lost […]

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Yorkshire Game Fuels 10% Growth With Processing Investment

  Yorkshire Game Fuels 10% Growth With Processing Investment

English wild game and venison supplier Yorkshire Game has increased turnover by 10% by investing in the latest state-of-the-art processing equipment. The company, which supplies high quality game and sustainable wild meat from estates in Scotland and northern England, has invested £534,000 in new packaging and weighing equipment as part of ongoing expansion plans.
The equipment was […]

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USDA: $3.4m in funding for Wheat Research

  USDA: $3.4m in funding for Wheat Research

US Agriculture Secretary, Tom Vilsack has announced the availability of $3.4 million for research projects in support of the new International Wheat Yield Partnership (IWYP) program.
“Wheat is one of the world’s most important staple crops, providing a significant amount of daily calories and protein throughout the world,” said Secretary Vilsack. “By 2050, the demand for […]

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Nestlé Completes SFr8 Billion Share Buyback Programme

  Nestlé Completes SFr8 Billion Share Buyback Programme

Nestlé has completed its SFr8 billion (€7.4 billion) share buyback programme initiated on 25 August 2014. Since 25 August 2014, Nestlé has repurchased 112,640,000 of its shares for a total of SFr8 billion at an average purchase price per share of SFr 71.02. 
36,400,000 repurchased shares were cancelled by the Annual General Meeting held on 16 April […]

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Iglo Savours Salmon Software Treasury Management System

  Iglo Savours Salmon Software Treasury Management System

Iglo Group, Europe’s largest frozen food business, has implemented a cloud based Treasury Management System (TMS) from Salmon Software. Iglo Foods, which had revenues of €1.4 billion in 2014, produces, markets and distributes branded frozen food in 11 European countries. Its core brands include Birds Eye, Findus (Italy) and Iglo.
“We needed to upgrade to an […]

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Amneal makes strategic investment in Ireland

  Amneal makes strategic investment in Ireland

U.S. generics manufacturer acquires Tipperary plant to spur European expansion – company expects to hire an estimated 250-300 employees at full build-out.

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Oman refreshment company increases production to meet growing market demand

  Oman refreshment company increases production to meet growing market demand

To meet the two-digit market growth from carbonated soft drinks consumers, Oman Refreshment Company (ORC), a franchisee of PepsiCo International, has recently acquired a new production line from Sidel, the leading global provider of PET solutions for liquid packaging, which will enable the Omani bottler to increase its production capacity.

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JBT Corporation announces acquisition of leading juice and dairy solutions provider

Technology solutions provider for the liquid foods sector extends product portfolio with addition of Netherlands-based Stork Food & Dairy Systems.

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Irish Government Launches New €50 Million Dairy Equipment Scheme

  Irish Government Launches New €50 Million Dairy Equipment Scheme

The Irish Government has introduced the new TAMS II Dairy Equipment Scheme which is the second of the new Targeted Modernisation Schemes (TAMS II) to be launched under the new Rural Development Programme 2014-2020. The Scheme is co-funded by the European Agricultural Fund for Rural Development (EAFRD).
The Scheme is open to all farmers who meet […]

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Whisky Group Selects Wolters Kluwer For Its Cloud-based Accounting

  Whisky Group Selects Wolters Kluwer For Its Cloud-based Accounting

Loch Lomond, part of the Loch Lomond Group, has selected Wolters Kluwer’s online accounting service Twinfield UK, for its cloud accounting platform. The independent distiller and blender of some of the finest and rarest scotch whiskies in the world will use the solution across its two distillery sites in Campbeltown and Alexandria and its warehouse […]

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Bord Bia Launches €400,000 Fund to Boost Small Business Growth

  Bord Bia Launches €400,000 Fund to Boost Small Business Growth

Bord Bia (Irish Food Board) has announced a new financial support, entitled the ‘Step Change Programme’, for small Irish food, drink and horticulture businesses. The €400,000 grant scheme is aimed at companies, with a turnover between €100,000 and €5 million, embarking on a new project to take their business to the next level. In 2015, […]

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