Food and Beverage M&A Update

2Q 2021

RESOURCE HIGHLIGHTS

  • 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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