September, 2018

So far in 2018, strategic buyers accounted for 88% of the Industrials and Manufacturing M&A transactions with financial buyers making up the difference; during 2017, strategic buyers accounted for approximately 90% of the transactions.

Select recent notable publicly announced M&A transactions:

– DWABTEC (NYSE: WAB) acquired a division of General Electric (NYSE: GE) for approximately $11.1 billion.

– Aviall, Inc. – a Boeing Company – acquired KLX Inc. (NasdaqGS: KLXI) for approximately $4.4 billion.

– Tenneco Inc. (NYSE: TEN) acquired Federal Mogul (NYSE: FDML) for approximately $5.4 billion.

– Knauf Group acquired USG (NYSE: USG) for approximately $6.48 billion.

September, 2018

In YTD 2018, strategic buyers accounted for 89% of the E-Commerce M&A transactions with financial buyers making up the difference; during 2017, strategic buyers accounted for approximately 92% of the transactions.

Select recent notable publicly announced M&A transactions:

– Direct Digital acquired Healthy Directions for approximately $71 million.

– Albertsons Companies acquired Plated for approximately $300 million.

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

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

September, 2018

In 2018 YTD, strategic buyers accounted for 89% of the IT Services M&A transactions with financial buyers making up the difference; during 2017, strategic buyers accounted for approximately 90% of the transactions.

Select recent notable publicly announced M&A transactions:

– Canada Pension Plan Investment Board acquired GlobalLogic, Inc. for approximately $2.0 billion.

– General Dynamics (NYSE: GD) acquired CSRA Inc. (NYSE: CSRA) for approximately $9.9 billion.

– Silver Lake and P2 Capital Partners, LLC acquired Blackhawk Network Holdings, Inc. (Nasdaq GS:HAWK) for approximately $4.0 billion.

– SS&C Technologies Holdings, Inc. (Nasdaq GS:SSNC) acquired DST Systems, Inc. (NYSE:DST) for approximately $5.8 billion.

September, 2018

In YTD 2018, Technology and Software transactions value has been higher than 2017 and traded at lower multiples compared to 2017.

Select recent notable publicly announced M&A transactions:

– Microsoft Corporation (Nasdaq: MSFT) acquired GitHub for approximately $7.50 billion.

– Adobe Systems (Nasdaq: ADBE) acquired Magento for approximately $1.68 billion.

– SalesForce (NYSE: CRM) acquired MuleSoft for approximately $6.81 billion.

– General Dynamics (NYSE: GD) acquired CSRA Inc. (NYSE: CSRA) for approximately $9.95 billion.

September, 2018

For 2017, strategic buyers accounted for 83% of the automotive M&A transactions with financial buyers making up the difference; during 2016, strategic buyers accounted for approximately 89% 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.

September, 2018

For 2017, total U.S. F&B announced transactions of 495 deals, exceeding 2016 levels of 380. 2018 YTD volume is at 229 transactions, less than the 325 transactions in the same period one year ago.

Select recent notable publicly announced M&A transactions:

– ConAgra acquired Pinnacle Foods for an $10.9 billion.

– Frito Lay acquired Bare Snacks for an undisclosed amount.

– Mondelez International acquired Tate’s Bake Shop for $500 million.

– General Mills acquired Blue Buffalo for $8.3 billion

– Peakstone advises Gourmet Gift Concepts on sale of company to Hickory Farms for an undisclosed amount.

– Keurig acquired Dr Pepper Snapple Group for approximately $18.7 billion.

– Campbell’s acquired Snyder Lance for approximately $6.1 billion.

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

– Peakstone advises Market Fresh Produce on sale of company to Marquette Capital Partners for an undisclosed amount.

September, 2018

For announced transactions, Restaurant multiples saw a modest increase from 9.6x EBITDA in 2016 to 10.8x EBITDA in 2017.

Select recent notable publicly announced M&A transactions:

– Cava Group, Inc. acquired Zoe’s Kitchen, Inc. (NYSE:ZOES) for approximately $250 million.

– Focus Brands Inc. acquired Jamba Inc. (Nasdaq:JMBA) for approximately $210 million.

– Del Frisco’s acquired Barteca for approximately $330 million.

– Spice Private Equity acquired Bravo Brio Restaurant Group for approximately $100 million.

– Rhone acquired Fogo de Chao for approximately $450 million.

– Apollo acquired Qdoba for approximately $305 million.

September, 2018

In 2018 YTD, strategic buyers accounted for 94% of the Pet M&A transactions with financial buyers making up the difference; during 2016, strategic buyers accounted for approximately 79% of the transactions.

Select recent notable publicly announced M&A transactions:

– Smucker’s acquired Ainsworth for approximately $1.9 billion.

– Hines Resource Group acquired Spectrum Brands for approximately $2.3 billion.

– General Mills, Inc. acquired Blue Buffalo Pet Products, Inc. for approximately $8.3 billion.

– The Riverside Company acquired Petstages for an undisclosed amount.

– The Riverside Company acquired Bionic for an undisclosed amount.

September, 2018

For 2018 YTD, strategic buyers have accounted for 81% of the Warehousing, Transportation and Logistics M&A transactions with financial buyers making up the difference; during 2017, strategic buyers accounted for approximately 92% of the transactions.

Select recent notable publicly announced M&A transactions:

– Blackstone acquires Gramercy Property Trust for $7.5 billion.

– Prologis acquired DCT Industrial Trust for $8.4 billion.

– Kirby Corporation acquired Higman Marine, Inc. for $419 million.

– Penske Automotive Group, Inc. (NYSE:PAG); MBK USA Commercial Vehicles Inc. acquired Penske Truck Leasing Co., L.P. for approximately $670 million.

– EQT Partners AB acquired Global Gateway South Terminal for approximately $820 million.

– Scorpio Tankers Inc. (NYSE:STNG) acquired Navig8 Product Tankers Inc. for approximately $1.18 billion.

– Knight Transportation, Inc. (NYSE:KNX) acquired Swift Transportation Company (NYSE:SWFT) for approximately $2.97 billion.

– Grupo México Transportes S.A. de C.V. acquired Florida East Coast Holdings Corp. for approximately $2.1 billion.