As of early January, Connecticut based buyout firm L Catterton is looking to close a deal to sell Ferrara Candy to Canadian Onex Corp. Onex has apparently won the auction for the confectionary company, beating out other private equity firms hoping to pay over a 10 figure sum to buyout the maker of Trolli gummies. The deal is supposedly valuing Ferrara at $1.3 Billion according to Reuters, making the deal a rare billion-dollar transaction in the confectionary sector.
SECRET DOUBLE OCTOPUS: VC AND CYBERSECURITY
Cybersecurity is evolving at a pace not seen in virtually any other sector of the economy. Every year, the landscape changes completely as cybersecurity firms try to keep up with malicious hackers. In the last year, we saw an unprecedented number of large-scale hacks that has brought cybersecurity into the mainstream. 167 million users had their LinkedIn information compromised in May. The DNC was attacked, which resulted in the exposure of thousands of emails and other personal information