Food and Beverage M&A Update

1Q 2020

RESOURCE HIGHLIGHTS

  • The Food & Beverage industry index dropped 15% but outperformed the S&P 500 index, which declined 20% in Q1 2020
  • The first quarter of 2020 saw the fewest number of deals closed in a single quarter since 2006
  • Total capital invested was impacted significantly, down 90% from Q1 2019 as there were no large $1B EV tranche transactions in Q1 2020
  • Private equity investors were more risk-averse than strategic investors over the past three months, which lead to strategic buyers surpassing private equity investors in terms of total capital invested for all disclosed deals
  • The acquisition of Bumble Bee Seafoods by FCF Fishery in an approximately $928M deal represented the largest deal in Q1
  • Stock prices and valuation multiples trended downwards through Q1

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