March, 2021

For 2020 YTD, strategic buyers accounted for 85% of Packaging M&A transactions. During 2019, strategic buyers accounted for 90% of the transactions.

Select recent notable publicly announced M&A transactions:

– Essentra closed its acquisition of 3C Packaging for $65 million.

– Graphic Packaging International closed its acquisition of the Consumer Packaging Group Business of Greif for $85 million.

– Cascades closed its acquisition of Greenpac Mill for $90 million.

– Case Paper Company announced its acquisition of API Americas for $6 million.

– TriMas Corporation closed its acquisition of Rapak for $11 million.

March, 2021

Select recent notable publicly announced M&A transactions:

– Aurora Capital Partners acquired Petroleum Services Corporation for $335 million.

– Brookhaven Capital Partners acquired Pioneer Railcorp for $72 million.

– IFM Investors acquired Buckeye Partners for $10.5 billion.

– DP World acquired Fraser Surrey Docks. Terms were not disclosed.

– MPLX acquired Andeavor Logistics for $3.3 billion.

– Macquarie acquired Long Beach Container Terminal for $1.8 billion.

– J.P. Morgan Asset Management acquired a stake in Nieuport Aviation Infrastructure Partners GP, the owner and operator of the passenger terminal at Billy Bishop Toronto City Airport. Terms were not disclosed.

– Blackstone acquired Tallgrass Energy for $3.2 billion.

March, 2021

For 2020 YTD, strategic buyers accounted for 86% of IT Services M&A transactions. During 2019, strategic buyers accounted for 90% of the transactions.

Select recent notable publicly announced M&A transactions:

– Baring Private Equity announced its acquisition of Virtusa Corporation for $2.3 billion.

– Cognizant Technology Solutions closed its acquisition of Collaborative Solutions for $395 million.

– Cognizant Technology Solutions closed its acquisition of New Signature for $305 million.

– Zip Co Limited closed its acquisition of QuadPay for $370 million.

– Sequoia Capital Operations closed its acquisition of Snowflake for $333 million.

March, 2021

For 2020 YTD, strategic buyers accounted for 58% of Consumer Retail M&A transactions. During 2019, strategic buyers accounted for 59% of the transactions.

Select recent notable publicly announced M&A transactions:

– 7-Eleven announced its acquisition of Speedway for $21 billion.

– Just Eat announced its acquisition of Grubhub for $8.1 billion.

– Amazon closed its acquisition of Zoox for $1.3 billion.

– Roark Capital announced its acquisition of ServiceMaster for $1.5 billion.

– Adtalem Global Education announced its acquisition of Walden e-Learning for $1.4 billion.

March, 2021

For 2021 YTD, strategic buyers accounted for approximately 93% of Technology M&A transactions. During 2020, strategic buyers accounted for 93% of the transactions.

Select recent notable publicly announced M&A transactions:

– Cardlytics, Inc. (NasdaqGM:CDLX) signed an agreement to acquire DOSH Holdings, Inc. for approximately $270 million on February 26, 2021.

– iHeartMedia + Entertainment, Inc. entered into a share purchase agreement to acquire Triton Digital, Inc. from The E.W. Scripps Company (NasdaqGS:SSP) for $230 million on February 16, 2021.

– Confirmit AS agreed to acquire FocusVision Worldwide, Inc. from EQT Mid Market US managed by EQT Partners AB and others for approximately $370 million on January 7, 2021.

– Social Finance, Inc. signed a definitive agreement to acquire Galileo Financial Technologies, Inc. from Mercato Partners Growth II, L.P. managed by Mercato Partners and others for $1.2 billion on April 7, 2020.

– GoDaddy Inc. (NYSE:GDDY) entered into a definitive agreement to acquire Registry business of Neustar, Inc. for approximately $220 million on April 6, 2020.

March, 2021

For 2021 YTD, strategic buyers accounted for 89% of Food and Beverage M&A transactions. During 2019, strategic buyers accounted for 91% of the transactions.

Select recent notable publicly announced M&A transactions:

– Lindsay Goldberg LLC entered into a definitive agreement to acquire ARYZTA North America from ARYZTA AG (SWX:ARYN) for enterprise value of $850 million on March 12, 2021.

– One Rock Capital Partners, LLC and Metropoulos & Co. entered into a definitive agreement to acquire Nestlé Waters North America Inc. from Nestlé S.A. (SWX:NESN) for $4.3 billion on February 16, 2021.

– Hormel Foods Corporation (NYSE:HRL) entered into a definitive agreement to acquire nuts business of The Kraft Heinz Company (NasdaqGS:KHC) for $3.4 billion on February 10, 2021. The purchase price is subject to customary adjustments.

– MGP Ingredients, Inc. (NasdaqGS:MGPI) entered into a definitive agreement to acquire Luxco, Inc. from lux family for approximately $500 million on January 22, 2021.

– American International Group, Inc. (NYSE:AIG) acquired an unknown stake in a Portfolio of Global Agricultural Holdings from Harvard Management Company, Inc. for $1 billion on October 8, 2020.