Expectation:
Looking Ahead:PE is still sitting on record levels of dry powder, translating to deals getting done even in tougher economic conditions. While investors’ desire to deploy capital remains strong, market conditions have made them more selective, lowering the availability of quality assets that are sure to remain healthy through the lifetime of the hold period. These dynamics can lead to pricing standoffs, with sellers looking to secure high multiples seen several months ago and buyers looking to snag deals as recession worries percolate. In today’s environment, new complexities mean dealmakers must tread carefully alongside a trusted advisor. |
Expectation:
Looking Ahead:In the current economic environment, concerns of inflation, supply chain challenges and labor shortages are on the minds of all investors. But one concern comes out on top: the threat of a downturn. All private market players are asking whether a recession is coming—or if we are already in one. As the economic situation plays out, Lincoln expects dealmakers to put an increasing focus on the due diligence process to ensure their investments are well-positioned for resilience during a recession. |
Expectation:
Looking Ahead:We expect continued pressure from limited partners (LPs) and stakeholders to push companies to stick to stated ESG goals. Even with a potential economic downturn on the horizon, momentum behind ESG investing will endure as LPs indicate preferences for ESG-conscious assets in their capital allocations and PE sponsors align their portfolios in turn. |
Reality Check: Assessing Private Equity’s 2022 Predictions
In Q4 2021, Lincoln International surveyed nearly 400 private equity investors on their expectations for dealmaking in the year ahead. In the three quarters since, public equity markets have seen… Read More
Sustainable Beef has partnered with Walmart, CoBank and Farm Credit Services of America to finance the development of a sustainable, beef processing facility
Sustainable Beef Sustainable Beef is a premiere sustainability-focused beef processor located in the heart of Nebraska’s Sandhills region. The company will construct and operate a fully integrated beef processing plant… Read More
Atlantic Street Capital has completed a single asset continuation vehicle transaction involving Zips Car Wash
Client: Atlantic Street Capital Client Location: United States Target: Zips Car Wash Target Location: United States Target Description: Zips is a provider of car wash services across the United States.
Azalea Capital has sold Ark Naturals to Antelope, a portfolio company of Alpine Investors
Ark Naturals Ark Naturals was founded in 1996 with the goal of providing the best products for pets. Ark Naturals provides premium functional treats, pet supplements and wellness products to… Read More
Pet Trends Impacting M&A in 2022
The pet industry has evolved significantly over the past few years with several trends impacting the way pet product brands, manufacturers, retailers, customers and investors view the sector. In 2020,… Read More
TZP Group has refinanced Triangle Home Fashions
Client: TZP Group Client Location: United States Target: Triangle Home Fashions Target Location: United States Target Description: Triangle Home Fashions is a designer, marketer and distributor of home décor products across e-commerce marketplaces and major… Read More
Gehl Food & Beverage, a portfolio company of Wind Point Partners, has been refinanced and has acquired Crescent Dairy
Gehl Food & Beverage Gehl Food & Beverage is a premier provider of aseptic food and beverage products, including nutritional beverages, dispensed cheese sauces, soup and broth, non-dairy beverages and… Read More
Reuters | Beauty and the Inflation Beast
Originally published by Reuters on August 17, 2022 Ashleigh Barker, Director in Lincoln’s Consumer Group, explains why the beauty industry experiences strong resiliency. Click here to read the original article.
Food & Beverage Market Update Q2 2022
The second quarter remained busy across the industry, but at a more normalized level compared to the record pace of 2021.We expect continued strength in the food and beverage deal… Read More
Lincoln Private Market Index Experiences First Decline Since Q1 2020
Public market volatility driven by heightened recession fears trickled to private market enterprise values in Q2 The Lincoln Private Market Index (Lincoln PMI), the only index that tracks changes in… Read More
Alcuin Capital Partners, ICG Enterprise Trust and Isfield Investments have sold The Groucho Club to Artfarm
The Groucho Club The Groucho Club is a private members club based on Dean Street in the heart of London’s Soho neighborhood. It was founded in 1985 by a group… Read More
Aurelius has acquired Footasylum from JD Sports
Footasylum Footasylum is a leading omnichannel retailer of fashion street wear and sports apparel in the United Kingdom, operating through a network of 63 stores and seven websites, in addition… Read More
Kids2 has acquired and taken private Summer Infant
Summer Infant Summer Infant designs, markets and distributes branded infant and juvenile products. As a globally recognized leader in infant and toddler care, Summer offers a wide range of products,… Read More
Trilantic Europe has acquired a majority stake in Passione Unghie with financing provided by Eurazeo and H.I.G. Whitehorse
Passione Unghie Passione Unghie is a 100% digitally native nail care brand with a primary focus on UV-based products, with semi-permanent nail builders and gel polish being the core products.… Read More
Even as Possible Recession Looms, Prospects for Private Markets Look Strong
It is no secret that public markets are facing notable volatility. But from where I sit in the trenches of private market dealmaking, the near-term prospects for private equity remain… Read More
Klosterman Baking Company has been sold to an affiliate of New Water Capital
Klosterman Baking Company Klosterman Baking Company is a leading producer of fresh and frozen breads, buns, flatbreads, organic breads, artisan breads, donuts and other bakery products serving an extensive, well-established… Read More
Victus has been sold to Megalabs
Victus Headquartered in Miami, Victus, Inc. is a global leader in clinical nutrition, needle-free connectology, infusion, critical care systems and advanced wound care. All the company’s products are developed and… Read More
Beauty Independent | What Beauty Segment – Prestige, Mass, Masstige or Value – Will Win In A Shaky Economy?
Originally published by Beauty Independent on July 14, 2022. Ashleigh Barker, Director in Lincoln’s Consumer Group, explains how consumer demand for beauty products remains strong despite economic uncertainty. Click here… Read More
M&A in Home Furnishings: Q&A with Lincoln Managing Director Tosh Dhanalal
Lincoln International recently welcomed Tosh Dhanalal to the firm as a Managing Director in the Consumer Group. Tosh comes to Lincoln with extensive experience advising founder-led, private equity (PE)-backed and… Read More
Joshua Bryant
Josh provides mergers and acquisitions (M&A) advisory services to consumer companies across various sectors, including pet, apparel, consumer products and services, e-commerce and direct-to-consumer. Josh has extensive experience advising clients… Read More
Petix has been sold to Petz
Petix Founded in 2007, Petix is a market leader in dog pads and one of the most recognized brands in the Brazilian pet market. Petix provides best-in-class pet hygiene and… Read More
Investing in U.S. Food Remains Competitive
Financial and strategic investors often mention the competition to acquire a food company. Investors frequently ask Lincoln International for ideas and perspectives on approaching the food mergers and acquisitions (M&A)… Read More
LBO France and Yarpa have sold McIntosh Group to Highlander Partners
McIntosh Group McIntosh Group is a global leader in the high-end audio category, manufacturing the world’s finest amplifiers, speakers, turntables and other audio products under several iconic brands. The group… Read More
Pete’s has been sold to Local Bounti
Pete’s Hollandia Produce Group, Inc. (Pete’s) is a leading hydroponic grower of butter lettuce, packaged salad and cress. The company has developed a national Controlled Environment Agriculture (CEA) platform, with… Read More
Beauty and Apparel Sectors: Always in Vogue
Beauty and apparel trends are constantly evolving. Yet one constant is the resiliency of both sectors during previous economic downturns. The “lipstick effect,” or notion that consumers will spend on… Read More