Food & Beverage Update : First 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
M&A activity observed on the European market during the first quarter of 2012 showed to be below each of the quarterly transaction levels of 2011. The number of announced M&A transactions in ‘Q1 amounted to 1,109 (all industries). This result means a 4% decrease compared to the last quarter of 2011 and a 3% decrease compared to the first quarter of 2011.
As far as M&A activity in Belgium is concerned, 50 transactions were announced during Q1’12, this is 28% higher than the transaction level of Q4’11 but is still below the peak in transactions of Q3’11 (being 62). However considering the announced deal level of Q1’11, this means an increase with 9%.
Focusing on the European Food & Beverage industry, 74 deals were announced during the first quarter of 2012 which is approximately in line with Q4’11 (being 72). This number of announced deals might show that the steadily decline in deal volume since the Q1’11 peak has reached its bottom level and is now to some extent recovering. This Q1’12 transaction volume is a bit above the 2010 deal average (being 71) but far below the 2011 average transaction level of 82 deals.
Download the Food & Beverage Update for more info.