Food & Beverage Update: Third Quarter 2009Deloitte Corporate Finance LLC |
This quarter’s Food & Beverage Update, produced by Deloitte Corporate Finance LLC (DCF), 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 include:
- Announced transactions fell 31%, and aggregate enterprise value decreased from $5.1 billion in Q3 2008 to $1.5 billion in Q3 2009; however Kraft’s recent bid for Cadbury Schweppes demonstrates a return of confidence to the markets which may result in increased M&A activity in the sector
- Trading multiples across various Food & Beverage industry sectors (food packagers, ingredients, beverages, and retail) increased on average 8% for Q3 2009, compared to Q2 2009
- The Food & Beverage industry lagged broader market averages during Q3 2009 as risk appetite returned to the market. The S&P 500 gained 14% during Q3, while the Food & Beverage index managed only a 5% advance
Download the Food & Beverage Update below.
Food and Beverage Update
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