Gambit Corporate Finance LLP is pleased to announce the publication of its latest Food & Beverage M&A market review.
Highlights from this quarter's review:
Public Comparables
Valuation multiples for public companies remain strong, with retailers experiencing a turnaround in share performance following reports that growth had returned to the UK grocery sector. 2015 is shaping up to be a better year for food and beverage producers with falling input costs, rising consumer spending and senior management starting to talk about an improving trading environment
M&A Market Review
M&A activity in 2014 finished on a relative high as deal volumes increased to 32 deals for Q4 2014 some 23% above Q3 2014. Private equity was particularly active in 2014 representing approximately 22% of deals. With intense competition within the UK grocery market, we expect pressure on suppliers from the retailers will drive consolidation amongst food and beverage manufacturers seeking synergies to reduce costs
Commodity Prices
Food commodity prices continued to trend downwards reflecting strong supply and weaker demand, affected in part by the Russian import ban
Guest Articles
This edition: Dafydd Davies, Chief Executive of BIC Innovation, looks at the difficult journey of expanding into overseas export markets and Jess Lacey, Senior Food Technologist at Cardiff Metropolitan University, provides an outline of what’s new for the BRC Global Standard for Food Safety Issue 7.
To view the full version of the report click here
