Innis And Gunn

KanPak LLC has become a fully-owned subsidiary of Golden States Foods Corporation following the latter’s acquisition of the remaining stake in the dairy product manufacturer.

The acquisition will help Golden State Foods to create innovative product solutions that will have a bearing on customer satisfaction.

The latest transaction is a minority acquisition in KanPak US and its Chinese subsidiary KanPak China, in which Golden State Foods already held a majority stake.

Urban Purveyor Group, an Australian restaurant and bar operator, has acquired Fratelli Fresh from its previous owner, Barry McDonald.

The acquisition includes Fratelli Fresh’s five Cafe Sopra venues, four fresh produce retail outlets and its spin-off Cafe Nice eatery.

Beston Global Food, a lobster and dairy product manufacturer, seller and marketer based in Australia, has agreed to acquire a 51% stake in AQUAessence Pty Ltd.

Also based in Australia, the target company is a bottled water producer. The acquisition is expected to enable Beston’s health and nutrition division to introduce a new product range.

Innis & Gunn, a Scottish beer maker, through its BeerBond crowdfunding programme, has acquired The Inveralmond Brewery Limited.

Valued at $4.37m, the acquisition will help the former to expand its production through existing plants of the latter’s existing breweries in the UK.

Chinese online and mobile commerce company Alibaba Group Holding Limited has announced it will invest $500m to acquire a controlling stake in Lazada Group SA.

Alibaba’s financial advisor for the deal is Credit Suisse (Hong Kong) Limited, whereas Lazada is engaging Goldman Sachs (Asia) LLC’s services.

The deal includes the purchase of a 8.6% equity stake in the company from Tesco for $129m, 9.1% from German venture capital firm Rocket Internet SE for $137m and 3.8% stake Swedish investment company Investment AB Kinnevik for $57m.

Image:Innis and Gunn has successfully acquired The Inveralmond Brewery. Photo: Courtesy of Rory.