February, 2019

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:

– Durational Capital Partners and The Jordan Company acquired Bojangle’s for approximately $770 million.

– Inspire Brands acquired Sonic for approximately $2.3 billion.

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

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

February, 2019

Through 2018, strategic buyers accounted for 88% 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:

– Nutrisystem acquired Trivity Health for approximately $1.4 billion.

– Quarate Retail Group acquired HSN for approximately $1.8 billion.

– Hangzhou Lianluo Interactive acquired Newegg for approximately $180 million.

– GTCR; Sycamore Partners acquired CommerceHub for approximately $989 million.

February, 2019

For 2018, 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:

– Variant Equity acquires Coach USA for $270 million.

– Odyssey acquires American Fast Freight for $465 million.

– ATSG acquires Omni Air International for $845 million.

– 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.

February, 2019

In 2018, strategic buyers accounted for 96% of the Pet M&A transactions with financial buyers making up the difference; during 2017, strategic buyers accounted for approximately 93% of the transaction.

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.

February, 2019

In 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:

– SAP acquired Qualtrics for $8.0 billion.

– IBM acquired redhat for $35.6 blillion.

– Adobe Systems (Nasdaq: ADBE) acquired Magento for approximately $1.7 billion.

– SalesForce (NYSE: CRM) acquired MuleSoft for approximately $6.8 billion.

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

February, 2019

Through 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 transaction.

Select recent notable publicly announced M&A transactions:

– Greif Packaging acquired Caraustar for approximately $1.8 billion.

– 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.

February, 2019

For 2018, strategic buyers accounted for 86% of Automotive M&A transactions. During 2017, strategic buyers accounted for 89% of the transactions.

Select recent notable publicly announced M&A transactions:

– Constellium acquired UACJ for $140 million.

– 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.

February, 2019

For 2018, strategic buyers accounted for 88% of the Packaging M&A transactions with financial buyers making up the difference; during 2017, strategic buyers also accounted for approximately 82% of the transactions.

Select recent notable publicly announced M&A transactions:

– Greif Packaging acquires Caraustar Industries for $1,800 million.

– One Madison Corporation acquires Ranpak for $950 million.

– Cascades acquires Urban Forest Products for $37 million.

– Amcor Limited acquires Bemis Company for $6,875 million.

– Pregis acquires Free-Flow Packaging International (represented by Peakstone) for an undisclosed amount.

– Novolex Holdings acquires The Waddington Group for $2,300 million.

February, 2019

In 2018, strategic buyers accounted for 90% 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:

– Trive Captial acquires EarthLink Consumer Internet Business of Windstream Holdings for $330 million.

– ConvergeOne acquires Venture Technologies for $92 million.

– CVC Capital Partners acquires ConvergeOne for $1,652 million.

– Ascential acquires Flywheel Digital for $400 million.

– NCR Corporation acquires JetPay Corporation for $188 million.

– WEX Inc. acquires Noventis $310 million.

– PGIM Real Estate and Madison Capital acquires 360 Spear Street Data Center for $95 million.

– Computacenter acquires FusionStorm for $90 million.

February, 2019

For 2018, total U.S. F&B announced transactions of 440, slightly less than 2017 levels of 453 deals. Both 2018 and 2017 exceeded 2016 levels of 453 deal.

Select recent notable publicly announced M&A transactions:

– Virgo makes an investment in 80 Acres Farms (represented by Peakstone) for an undisclosed amount.

– Fuji Oil Holdings acquires Bloomer Chocolate Company for $750 million.

– CJ Foods acquires The Schwan Food Company for $1,800 million.

– The Andersons Grain Group acquires Lansing Trade Group for $494 million.

– Hickory Farms and Modjule acquires Gourmet Gift Concepts (represented by Peakstone) for an undisclosed amount.