James Meldrum

Fermentum Grows Melbourne Footprint With Two Birds Brewing Purchase

Private-equity-backed drinks group Fermentum has bought Melbourne craft brewer Two Birds for $24.7 million, its sixth brewery; the piece also reviews the site's sustainability record and earlier sector consolidations.

Also glassandnote.com

Healthy children’s snack brand Nourish Foods lives on after Tempo Group acquires it from the receivers

Grant Thornton receivers sold children's snack company Nourish Foods to Tempo Group after a crowdfunding target fell short; founder Monica Meldrum stays on under the new ownership.

Nourish Foods is up for sale after being placed in voluntary administration

Voluntary administrators now control Nourish Foods, the business behind Whole Kids, after a funding attempt fell short, and interested backers or buyers must come forward by mid-September.

Nine startups that raised more than $1 million this week

Weekly roundup of nine Australian startup raises, led by SimPRO's $485.6 million round, plus SimPRO's acquisitions of AroFlo and ClockShark and Open Markets Group's buyout of Cannon Trading.

Also Startup Daily·SmartCompany·Techboard·SmartCompany·SmartCompany