Food & Beverage Update : Third Quarter 2012
Deloitte Financial Advisory Services
This quarter’s Food & Beverage Update, produced by Deloitte Financial Advisory Services, summarizes the most recent transactions along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
This quarter’s highlights
European M&A activity fell down in the third quarter of 2012. The number of announced M&A transactions amounted to 1.097 which implicates a decrease by 11% compared to the third quarter of 2011 (being 1.228). Compared with the second quarter of 2012, the number of transactions has decreased by 4% from 1.146 to 1.097.
For 2 consecutive quarters, the number of announced Belgian transactions in all industries has declined. The number of announced transactions decreased from 46 in the second quarter to 35 in the third quarter, a 24% decrease in deal volume. Year on year the deal volume has fallen from 62 to 35 (a 44% decrease).
Zooming in on the European Food and Beverage industry, 63 transactions were announced in the third quarter compared to 88 transactions in Q2’12. Taking into account the last eight quarters, Q3’12 showed to lowest level of transaction volume. Compared with Q3’11 when 88 transactions were announced, the number of transactions has declined by 23% year on year.
Download the Food & Beverage Update for more info.