We expect M&A activity to increase further. AI, changing customer behaviour and competitive pressure are forcing management teams to transform their business or even reinvent it entirely.
Deal activity in July comprised a total of 87 deals; that represents a decline of fourteen deals year on year. Some notable examples include:
- Nestlé is selling a fifty per cent stake in its water and premium drinks activities to Platinum Equity to establish a new joint venture: Peranel.
- The acquisition of Delivery Hero SE by SSW Partners.
- European Candy Group is being acquired by Orkla.
The most active sector in July, measured by number of deals, was 'diversified packaged products' with nine deals. Examples of these include:
- Greencore Group plc, of which a 4.97 per cent stake is being acquired by an unknown buyer,
- Glenhaven Foods (Arklow) UC is being acquired by Scandi Standard AB, and
- Naming SL is being acquired by Palacios Alimentación SA.
Various potential acquisitions and exits are also being explored. Some examples:
- Belgian brewer Brouwerij Haacht has attracted interest from competing brewers Heineken and Duvel Moortgat.
- Cake Box Holdings, the British cake maker and franchise retailer, is seeking acquisitions to expand its domestic presence.
- Purdy & Figg, a British provider of environmentally friendly household cleaning products, is preparing for a sale.
Read more in the August edition of our monthly newsletter.
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