June, 2018

So far in 2018, strategic buyers accounted for 86% of the Industrials and Manufacturing M&A transactions with financial buyers making up the difference; during 2017, strategic buyers accounted for approximately 88% 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.

June, 2018

In YTD 2018, strategic buyers accounted for 93% of the E-Commerce M&A transactions with financial buyers making up the difference; during 2017, strategic buyers accounted for approximately 91% 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.

June, 2018

For 2018 YTD, strategic buyers have accounted for all 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.

June, 2018

For 2018 YTD, strategic buyers accounted for 86% 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:

– Novolex acquired The Waddington Group for $2.3 billion.

– Graphic Packaging International, Inc. acquired North America Consumer Packaging Business of International Paper Company for approximately $1.8 billion.

– DS Smith Plc (LSE:SMDS) acquired Indevco Management Resources, Inc. for approximately $1.15 billion.

– Loews Corporation (NYSE:L) acquired Consolidated Container Company LLC for approximately $1.2 billion.

– RPC Group Plc (LSE:RPC) acquired Letica Corporation for approximately $640 million.

– WestRock Company (NYSE:WRK) acquired Multi Packaging Solutions International Limited for approximately $2.3 billion.

June, 2018

For 2017, total U.S. F&B announced transactions of 495 deals, exceeding 2016 levels of 380. 2018 YTD volume is at 158 transactions, less than the 235 transactions in the same period one year ago.

Select recent notable publicly announced M&A transactions:

– 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.

June, 2018

For 2017, total U.S. F&B announced transactions of 495 deals, exceeding 2016 levels of 380. 2018 YTD volume is at 158 transactions, less than the 235 transactions in the same period one year ago.

Select recent notable publicly announced M&A transactions:

– 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.

June, 2018

For 2018 YTD, strategic buyers accounted for 79% of Consumer and Retail M&A transactions. During 2017, strategic buyers accounted for 62% of the transactions.

Select recent notable publicly announced M&A transactions:

– Vintage Investment Partners acquired Rent-A-Center for $1.3 billion.

– Marriott Vacations Worldwide Corp. acquired ILG Inc. for about $5.8 billion.

– Tenneco acquired Federal-Mogul for $5.4 billion.

– Peakstone advises Erehwon Mountain Outfitter on sale of company to Camping World Holdings, Inc. (NYSE:CWH) for an undisclosed amount.

– Arby’s Restaurant Group Inc. acquired Buffalo Wild Wings Inc. for approximately $2.9 billion.

– 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.

June, 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:

– 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.

– Arby’s Restaurant Group Inc. acquired Buffalo Wild Wings Inc. for approximately $2.9 billion.

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

June, 2018

In 2018 YTD, strategic buyers accounted for 83% of the Pet 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:

– 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.