The report provides a review of M&As, capital-raising, partnering deals and agreements entered into by foodservice companies during July 2012.
Introduction and Landscape
Why was the report written? Using this report, dealmakers will effectively gain an insight into deal activity during the month. Additionally, the report provides an overview of all the partnering, alliances, and M&A deals announced worldwide.
What makes this report unique and essential to read? The Monthly Report provides the reader with the top-line data necessary to quickly keep abreast of deal activity in the foodservice market on a monthly basis.
Key Report Features
Mergers and Acquisitions The report provides detailed analysis on the mergers and acquisitions (M&A) activity in the foodservice industry in July 2012 compared to June 2012, and the trailing twelve month (TTM) average. This provides an insight into the inorganic growth strategies of companies in the industry and competitor tracking.
Private Equity and Venture Capital The report provides detailed analysis on the private equity and venture capital activity in the foodservice industry in July 2012 compared to June 2012, and the TTM average. This provides an insight into the investment activity in the industry by financial investors.
Capital Raisings The report provides detailed analysis on capital raising activity, including equity and debt offerings, in the foodservice industry in July 2012 compared to June 2012, and the TTM average. This provides an insight into the capital raising activity of companies in the industry, including fund raising trends from both equity and debt capital markets.
Partnerships The report provides detailed analysis on strategic partnerships in the foodservice industry in July 2012 compared to June 2012, and the TTM average. This provides an insight in to the strategic partnerships among companies in the industry, including joint ventures.
Yard House acquisition expected to drive the top line growth of Darden Restaurant Darden Restaurants Inc., one of the largest casual-dining operators in the US, is looking to widen its mass-market portfolio with the acquisition of the draft beer chain Yard House USA inc. from private-equity firm TSG Consumer Partners LLC for US$585 million in cash. Darden will benefit from Yard House’s strengths in terms of the latter’s expertise in running successful bar operations and access to its young customer base, along with its experienced leadership team.
Emerging markets attract increased M&A activities The emerging markets witnessed a total deal value of US$692.3 million for the month, 70% of which were M&A with a deal value of US$513.5, whereas equity offering and PE/VC accounted for the remaining 30%. Mexico and China saw the highest number of deals being executed with three each, while Mexico, with a deal value of US$380.6 million, accounted for more than 50% of the total deal value pertaining to the emerging markets.
July recorded increased PE/VC activity In July, deal volume in PE/VC activity registered a 60% month on month increase. Furthermore, the deal value of PE/VC activity increased from US$82.1 million in June to US$346.2 million in July.
Deal Over Time Analysis: July 2012
Foodservice industry: includes the sales of all food and drink for immediate consumption on the premises or in designated eating areas shared with other foodservice operators or, in the case of takeaway transactions, freshly prepared food for immediate consumption. Foodservice is restricted to the sale of food and drink in specific foodservice channels and excludes vending machines.
Accommodation: includes bed and breakfast, caravan and camp site, guest house, holiday park, hostel, hotel and motel, and other accommodation properties or locations that have been modified to offer paid lodging, accommodation services and breakfast meals to guests.
Catering services: includes catering service providers such as catering vendors, mobile foodservice providers and food delivery service providers. It also includes manufacturers of catering equipment and catering support service providers, and facilities management consultancies. These catering services are provided at airports, rail terminals and stations, motorway and highway service stations, seaports, workplaces and educational, healthcare, military civil defense and welfare facilities.
Leisure: includes operators of entertainment venues, exhibitions, conference centers, gymnasiums, leisure centers and visitor attraction centers.
Pub, club and bar: includes operators of pubs, bars, night clubs and private membership clubs. Restaurant: includes full-service restaurants, quick-service restaurants, fast-food chains, coffee and tea shops, and ice-cream parlors.
Retail: includes retail food marketers such as bakers, convenience stores, department stores, garden center and DIY, service station forecourts, hypermarkets and supermarkets.
Wholesaler or supplier: includes wholesalers and distributors of food, alcoholic drinks, non-alcoholic drinks and catering equipment.
Target Company: a company which has primary or secondary operations in the foodservice market and is of interest to a potential acquirer.
Acquirer Company: a company that has an interest in acquiring a target company.
Vendor Company: a company that intends to dispose of its assets, divisions or a subsidiary to a potential acquirer.