Q2 2021

Food and Beverage M&A Update

The Food & Beverage industry index rose 13.6% YTD but was outperformed by the S&P 500 index, which increased 16.1% in the same period
M&A deal volume was up 89% to 197 completed transactions in Q2 2021 from 104 deals during the same period in the prior year
Strategic buyers accounted for 61.5% of deal volume in 1H 2021 vs PE investors with 38.5%
The acquisition of Coca Cola Amatil by Coca Cola European Partners (LON: the European bottling arm of Coca Cola (KO. N) for AUD 9.93 billion on May 10, 2021 represented the largest transaction in Q2 2021
Stock prices and valuation multiples have trended sideways in Q2 2021 from prior year levels

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