Kerry Group Acquires Niacet for $1.015B

SK Capital Acquires J&K Ingredients from CORE Industrial Partners

October 11, 2023

Food & Beverage

Funds advised by SK Capital Partners have acquired J&K Ingredients from CORE Industrial Partners. The acquisition, completed November 20, 2023, positions SK Capital to build a clean-label food & beverage ingredients platform around J&K's specialty preservative and bakery ingredient capabilities; debt financing was provided by KeyBanc Capital Markets, Kayne Anderson Private Credit, and Benefit Street Partners.

Groupe Berkem Acquires i.Bioceuticals from International Nutrition Company (INC)

February 16, 2023

Food & Beverage

Groupe Berkem has acquired i.Bioceuticals, the exclusive North American distributor of OPC and pine bark extracts from Dutch supplier International Nutrition Company (INC). The cash transaction transfers i.Bioceuticals' Massachusetts-based team to Groupe Berkem as the Group expands its bio-based health, beauty and nutraceutical offering and strengthens its footprint in North America.

IRCA (Advent) Acquires Kerry's Sweet Ingredients Portfolio

September 13, 2024

Food & Beverage

IRCA, an Advent International portfolio company, has agreed to acquire the trade and assets of Kerry Group’s Sweet Ingredients Portfolio for approximately €500 million (€375m cash plus a €125m vendor loan note). The deal—an add-on to IRCA’s platform—covers 10 manufacturing facilities across the US and Europe, expands IRCA’s product and geographic footprint in bakery, cereal, confectionery, dairy and ice cream end markets, and is subject to regulatory approvals and employee consultations.

Nutritics Acquires Ten Kites

March 13, 2024

Software

Irish food service technology company Nutritics has acquired UK-based menu publishing platform Ten Kites to expand its menu publishing and allergen-capable offerings. The deal broadens Nutritics' product capabilities and supports Ten Kites' expansion across Europe, the Middle East and Australia.

Cygnet Energy to Acquire Kiwetinohk Energy in C$1.4 Billion Deal

October 29, 2025

Energy

Cygnet Energy has entered into a definitive agreement to acquire Kiwetinohk Energy Corp. (KEC) for C$24.75 per share in cash, valuing the transaction at approximately C$1.4 billion including debt. The deal is expected to close in December 2025, subject to court and regulatory approvals, with funding primarily from NGP Energy Capital Management and Carlyle and a portion of ARC Financial’s KEC shares rolling into Cygnet equity.

Kerry Group to Acquire Lactase Enzyme Business from Chr. Hansen and Novozymes

December 14, 2023

Food & Beverage

Kerry Group PLC has agreed to acquire part of the global lactase enzyme business carved out from Chr. Hansen Holding A/S and Novozymes A/S for a total consideration of €150 million (subject to closing adjustments). The deal includes certain trade and assets of Chr. Hansen's global lactase business and 100% of Nuocheng Trillion Food (Tianjin) Co., Ltd.; the lactase business generated about €40 million in revenue in 2022 and the transaction is expected to close in the first half of 2024 subject to European Commission approval.