Industry Update: Restaurant Update: Spotlight on Fast Casual – May, 2016

May, 2016. For YTD 2016, strategic buyers account for 90% of restaurant M&A transactions. In 2015, strategic buyers accounted for 80% of the transactions. Restaurant multiples in announced transactions have been consistent over the past several years, at approximately 10x enterprise value to EBITDA and 1x enterprise value to revenue. Recent notable publicly announced M&A transactions: – Brinker International, Inc. …
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Industry Update: Food & Beverage M&A – May, 2016

May, 2016. Food and Beverage (“F&B”) M&A continues to see strong activity. Q1 2016 had a transaction volume of 117 deals which is just under Q4 2015 record levels, 127 deals in Q4 2015. For YTD 2016, strategic buyers accounted for 90% of F&B M&A transactions. During 2015, strategic buyers accounted for 87% of the transactions. Many F&B categories continue …
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Industry Update: Packaging M&A – April, 2016

April, 2016. Packaging M&A continues to see strong activity with 2015 transaction volume of 65 deals. For the 2015 period, strategic buyers accounted for 80% of the packaging M&A transactions with financial buyers making up the difference. During 2014, strategic buyers accounted for approximately 72% of the transactions. Notable publicly announced recent transactions: – Novolex just announced the acquisition of …
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Industry Update: E-Commerce M&A – February, 2016

February, 2016 E-Commerce M&A continues to see strong activity. 2015 transaction volume of 369 deals is just below record 2014 levels.  During 2014, there were 375 transactions, an increase of over 12% from the prior year. For 2015, strategic buyers accounted for 81% of the e-commerce M&A transactions with financial buyers making up the difference.  During 2014, strategic buyers accounted …
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Industry Update: Food & Beverage M&A – January, 2016

January, 2016 Food and Beverage (“F&B”) M&A continues to see strong activity. 2015 had a transaction volume of 351 deals is above 2014 record levels, 333 deals in 2014. For 2015, strategic buyers accounted for 87% of F&B M&A transactions. During 2014, strategic buyers accounted for just over 91% of the transactions. F&B transaction valuation trends are near historical highs. …
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Industry Update: Restaurant Update: Spotlight on Fast Casual – January, 2016

January, 2016 In 2015, strategic buyers accounted for 80% of restaurant M&A transactions. During 2014, strategic buyers accounted for just over 81% of the transactions. For announced transactions, restaurant multiples saw a modest increase from 10.11x EBITDA and 0.86x revenue in 2014 to 10.13x EBITDA and 1.03x revenue in 2015. – Notable publicly announced 2015 M&A transactions: – Brinker International, …
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Industry Update: Pet Industry M&A Update – January, 2016

January, 2016 For 2015, strategic buyers accounted for 88% of Pet Industry M&A transactions. During 2014, strategic buyers accounted for just over 84% of the transactions. Notable recent M&A transactions: – CVC Capital Partners Limited and Canada Pension Plan Investment Board signed a definitive agreement to acquire PETCO Animal Supplies, Inc. for approximately $4.6 billion. – Central Garden & Pet …
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Industry Update: Consumer & Retail M&A – December, 2015

December, 2015 Stock price performance and valuation trends have been strong across most sectors. The following is an overview of the selected industries and their respective stock price performance over the last three years and current valuation levels [(Relative Stock Price) (Enterprise Value to EBITDA)]. – Apparel & Accessories (12.3%) (12.0x) – Automotive & Components (72.8%) (7.7x) – Consumer Electronics …
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Industry Update: Industrial & Manufacturing M&A – November 2015

November, 2015 Stock price performance and valuation trends have been strong across most sectors. The following is an overview of the selected industries and their respective stock price performance over the last three years and current valuation levels [(Relative Stock Price) (Enterprise Value to EBITDA)] – Aerospace & Defense (57.7%) (14.3x) – Automotive (84.9%) (8.1x) – Building Materials (56.3%) (16.5x) …
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Industry Update: Food and Beverage M&A – October 2015

October, 2015 Food and Beverage (“F&B”) M&A continues to see strong activity. Year-to-date 2015 transaction volume of 190 deals is just below pace of 2014 record levels. For year-to-date 2015, strategic buyers accounted for 86% of F&B M&A transactions. During 2014, strategic buyers accounted for just over 91% of the transactions. F & B transaction activity has been strong, with …
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