Industry Update: Home Décor M&A Update – October, 2017

October, 2017

For the 2017 YTD period, strategic buyers accounted for 78% of the Home Décor M&A transactions with financial buyers making
up the difference; during 2016, strategic buyers also accounted for approximately 78% of the transactions.

Select recent notable publicly announced M&A transactions:

– Legrand North America, Inc. acquired Milestone AV Technologies, LLC for approximately $1.2 billion.

– Mill Road Capital LP acquired Lifetime Brands, Inc. (NasdaqGS:LCUT) for approximately $380 million.

– Stanley Black & Decker, Inc. (NYSE:SWK) acquired Newell Brands Inc., Tool Business including Irwin, Hilmor and Lenox Brands for approximately $1.95 billion.

– Stanley Black & Decker, Inc. (NYSE:SWK) acquired Sears Holdings Corporation, Craftsman for approximately $780 million.

– Steinhoff International Holdings N.V. (JSE:SNH) acquired Mattress Firm Holding Corp. for approximately $2.98 billion.

– Vitro, S.A.B. de C.V. (BMV:VITRO A) acquired PPG Industries, Inc., Flat Glass facilities in US and Canada and PPG Canada Inc. (Calgary) for approximately $750 million.

Industry Update: Food and Beverage M&A Update – October, 2017

October, 2017

For 2017 YTD, total U.S. F&B announced transactions of 365 deals are on track to exceed 2016 record levels of 380.

Select recent notable publicly announced M&A transactions:

– Kellogg’s acquired Chicago Bar Company for approximately $600 million.

– Peakstone advises Labriola on sale of company to J&J Snack Foods for an undisclosed amount.

– Amazon.com, Inc. (NasdaqGS:AMZN) acquired Whole Foods Market, Inc. for approximately $14.62 billion.

– Peakstone advises PepperJax Grill on sale of company to TA Associates for an undisclosed amount.

– Peakstone advises Clearbrook Farms on sale of company to Glencoe for an undisclosed amount.

Industry Update: E-Commerce M&A Update – October, 2017

October, 2017

For the 2017 YTD period, strategic buyers accounted for 92% of the E-Commerce M&A transactions with financial buyers making
up the difference; during 2016, strategic buyers accounted for approximately 93% of the transactions.

Select recent notable publicly announced M&A transactions:

– Bain Capital Private Equity, LP; Bow Street, LLC acquired Blue Nile, Inc. for approximately $500 million.

– Bed Bath & Beyond Inc. (NasdaqGS:BBBY) acquired PersonalizationMall.com, Inc. for approximately $190 million.

– Hangzhou Lianluo Interactive Information Technology Co.,Ltd (SZSE:002280) acquired Newegg Inc. for approximately $180 million.

– QVC Group (NasdaqGS:QVCA) acquired HSN, Inc. (NasdaqGS:HSNI) for approximately $1.83 billion.

– Samsonite LLC acquired eBags, Inc. for approximately $110 million.

Peakstone Advises on Business Services Transaction

November, 2017. Peakstone served as exclusive financial advisor to a Business Services Client (name confidential) in the commercial & industrial maintenance and outsourced services sector on a strategic acquisition.

Peakstone is currently buyside advisor to several private-equity backed and public companies seeking strategic acquisitions. The firm’s broad range of industry expertise and depth of industry contacts enable us to develop a highly targeted search on behalf of clients seeking to grow through acquisitions.

Terms of the transaction were not disclosed.

For additional information please contact the following:

Richard Goff, Managing Director, 312-204-7300, rgoff@peakstone.com

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.

Industry Update: Consumer & Retail M&A – October, 2017

October, 2017

For 2017 YTD, strategic buyers accounted for 68% of Consumer and Retail M&A transactions. During 2016, strategic buyers
accounted for 85% of the transactions.

Select recent notable publicly announced M&A transactions:

– American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) acquired Metaldyne Performance Group Inc. for approximately $3.42 billion.

– BPS Direct, L.L.C. acquired Cabela’s Incorporated (NYSE:CAB) for approximately $8.67 billion.

– Circle K Stores Inc. acquired CST Brands, Inc. (NYSE:CST) for approximately $6.09 billion.

– Rye Parent Corp. acquired Panera Bread Company (NasdaqGS:PNRA) for approximately $7.66 billion.

– Samsung Electronics America, Inc. acquired Harman International Industries, Incorporated for approximately $9.38 billion.

– Sycamore Partners acquired Staples, Inc. (NasdaqGS:SPLS) for approximately $7.85 billion.

Industry Update: Automotive M&A – October, 2017

October, 2017

For the 2017 YTD period, strategic buyers accounted for 89% of the automotive M&A transactions with financial buyers making up the difference; during 2016, strategic buyers accounted for approximately 88% of the transactions.

Select recent notable publicly announced M&A transactions:

– American Axle & Manufacturing Holdings, Inc. (NYSE:AXL) acquired Metaldyne Performance Group Inc. for approximately $3.42 billion.

– Winnebago Industries, Inc. acquired Grand Design RV for approximately $500 million.

– Polaris Industries Inc. (Delaware) acquired TAP Automotive Holdings, LLC for approximately $670 million.

– Thor Industries, Inc. (NYSE:THO) acquired Jayco, Inc. for approximately $580 million.

– Vitro, S.A.B. de C.V. (BMV:VITRO A) acquired Pittsburgh Glass Works LLC for approximately $310 million.

Industry Update: Restaurant Industry Insight Spotlight on Fast Casual- October, 2017

October, 2017

For announced transactions, Restaurant multiples saw a modest increase from 9.6x EBITDA in 2016 to 10.4x EBITDA in
year-to-date 2017.

Select recent notable publicly announced M&A transactions:

– NRD Capital Management, LLC acquired Ruby Tuesday, Inc. for approximately $360 million.

– L Catterton acquired Uncle Julio’s Corporation for an undisclosed sum.

– FAT Brands Inc. acquired Homestyle Dining, LLC for approximately $10 million

– J. Alexander’s LLC acquired Ninety Nine Restaurant, Inc. for approximately $200 million.

– Kelly Companies of Southern California, LLC acquired Ignite Restaurant Group, Inc. for approximately $170 million.

– Rye Parent Corp. acquired Panera Bread Company for approximately $7.7 billion

 

Peakstone Advises on Data Analytics Transaction

October, 2017. Peakstone served as exclusive financial advisor to TABS Analytics on its acquisition of Pivotstream. Operating since 1998, TABS Analytics, based in Shelton, Conn., is a technology-enabled analytics firm and its mission is to simplify and improve the way analytics are conducted in the consumer products industry. Operating since 2009, Pivotstream, based in Seattle, Washington, is a global business intelligence firm focused on CPG companies and helps them turn complex data assets into on-demand, self-service reporting so they can fully leverage their data investment.

“The acquisition of Pivotstream represents an important step in TABS’ growth strategy and its platform will be a core component of our service offerings going forward. Pivotstream greatly enhances our technology and business intelligence capabilities,” said TABS Analytics CEO Dr. Kurt Jetta. “The combination of massive data scale, end-user self-service BI, and analytics capabilities against large data sets will enable our current and future clients to amplify the ROI on their data and intelligence investments. Peakstone has been very helpful in our acquisition strategy, provided sound advice, and guided the transaction to closing efficiently and smoothly.”

“We are very excited about being part of TABS Analytics,” said Jeff Elderton, CEO and founder of Pivotstream. “TABS is well-known as the leader in analytical innovation and has a robust arsenal of intellectual property as well as deep consultative expertise. This acquisition accelerates product development and improves the delivery of our joint solutions.  Peakstone was essential to completing this transaction, and did outstanding work facilitating the transaction to a successful close.”

Terms of the transaction were not disclosed.

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.

Peakstone Closed Deal Announcement – Recapitalization of Food Supplier and Distributor

October, 2017. Peakstone served as exclusive M&A advisor to Market Fresh Produce LLC in connection with the Company’s recapitalization by Marquette Capital Partners, in partnership with C3 Capital Partners and Management. Founded in 1998, Missouri-based Market Fresh Produce is a value-added supply chain manager of branded fresh vegetables and fruit to grocery retailers, grocery wholesalers and foodservice providers nationwide. The Company utilizes an international distribution and repackaging network that provides its customers consistency and superior quality year-round.Marquette Capital Partners is a private investment firm specializing in junior capital investments in mature, lower middle-market companies.

“We are very excited with the new partnership between Marquette Capital, C3 Capital and Market Fresh Produce LLC. Our strategic initiatives will be bolstered by the strength of the combined resources,” noted Market Fresh’s CEO, Steve Phipps. “The team from Peakstone helped us identify several attractive capital partners to support the continued growth of our Company. Their thoughtful guidance and deep understanding of our business resulted in a great outcome for the Market Fresh team.”

The press release can be found at  http://mailchi.mp/marquettecapital/marquette-capital-partners-acquires-market-fresh-produce?e=f0c4f49db9

Terms of the transaction were not disclosed.

For additional information please contact the following:

Eric Dziedzic, Managing Director, 312-346-7314, eric@peakstone.com

Mark Horita, Managing Director, 312-346-7308, mhorita@peakstone.com

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.

 

Peakstone Publishes Industry Reports

October, 2017. Peakstone has published eleven updated industry reports, which can be accessed through the links below. We deliver sector knowledge, experience, and relationships to every client.  We welcome a chance to open dialogue with companies in these sectors to exchange information and viewpoints.

Automotive

Consumer & Retail

E-Commerce

Food & Beverage

Home Décor

Industrials & Manufacturing

IT Services

Packaging

Pet

Restaurant

Technology & Software

About Peakstone

Peakstone is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com.