M&As this week: New Water Capital Partners L.P., CPF Investment, Tayto Group


US-based private equity firm, New Water Capital Partners L.P. has acquired Custom Made Meals from Jewsbury Family.

The target company produces entrees and appetisers that are sold in grocery stores.

Charoen Pokphand Foods Public Company Limited’s subsidiary CPF Investment has reached an agreement to purchase meat and seafood supplier Westbridge Food Group.

Both the companies involved in the transaction are based in the UK.

The purchase consideration for the acquisition, which will be completed through share purchase, is £60m ($75.26m).

Tayto Group has completed the acquisition of Freedom Refreshments, a vending solutions provider based in the UK.

Based in Ireland, the acquire company is a crisps and snacks producer.

The acquisition is expected to help Tayto to enhance its presence in the vending machines sector.

Israeli flavour and fragrance ingredients business Frutarom Industries has bought Rene Laurent, a similar business based in France, with the aim of enhancing its presence and operations in the French market.

Following the transaction, the target company’s production facility in Casablanca, Morocco, will be integrated into the acquirer company’s natural extracts operations.

"The acquisition is expected to help Tayto to enhance its presence in the vending machines sector."

Bettera Brands, a company formed by American private investment firm Highlander Partners, has acquired Gimbal Brothers, a company also based in the US.

Norwest Mezzanine Partners, Regions Bank and a syndicate of participating lenders financed the acquisition.

The target company produces gummy vitamins and gourmet jelly beans.