Some companies are using an M&A slowdown in the consumer and retail sector to expand their reach in high-growth areas.
The largest deal in the quarter was the announced merger between two agribusinesses, St. Louis-based grain trader Bunge Limited and Canada’s Viterra. Bunge will give Viterra shareholders $6.2 billion in stock and $2 billion in cash.
Downturns in the M&A market have traditionally been used for take-private transactions, where management wants to remove a company from the demands of quarterly reporting. Franchise Group, which is the parent company of Vitamin Shoppe stores and a number of other retail brands, was taken private by its management in a deal worth $2.6 billion, the third largest transaction of the quarter in the C&R sector.
Find out more about Q2 C&R deal activity and what KPMG deal professionals forecast going forward.
Sparks of interest in consumer and retail
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