Just Food | Cautious Optimism Oozes Around Food M&A Outlook in 2024 as Risks Fester
Jan 2024
Originally posted by Just Food on December 14, 2023.
While deal activity in the food industry has slowed, businesses that passed on pricing and kept their volumes from going backward were sold. Companies that don’t need to sell, can afford to wait, or are not strong businesses were not brought to market this year.
Alex Masters, Managing Director in Lincoln’s Consumer Group, commented, “There will probably be a gradual thawing, an improvement in the first half, with more activity in the second half because a lot of that pricing inflation will have washed through, so the companies’ margins should start to get back to normal.”
If the market is receptive, mergers and acquisitions activity will come back more quickly, but if a cautious sentiment continues the market will take longer to come back, Alex said.
“I think as we go into 2024, private equity will increasingly see business performance getting better,” Alex said. “So I think there’ll be more PE buyers than there have been in 2023.”
Summary
-
Lincoln International’s Alex Masters offers a perspective on the food industry’s 2024 mergers and acquisitions outlook.
- Sign up to receive Lincoln's perspectives
Contributor
Meet Professionals with Complementary Expertise in Mergers and Acquisitions
I enjoy leading clients and realizing their objectives, while structuring solutions to issues that are both intriguing and challenging.
Øyvind Bjordal
Managing Director | Head of Switzerland
Zurich
I am inspired by working with entrepreneurs and innovators who feel passionately about what they are creating.
William Bowmer
Managing Director
San Francisco
My goal is to inspire and motivate our people to make a true impact with their clients, their colleagues and their communities.
Robert Brown
CEO | Managing Director | GP-Director
ChicagoRelated Perspectives in Mergers and Acquisitions
Lincoln International adds Carlos Candil as Managing Director
Lincoln International, a global investment banking advisory firm, is pleased to announce that Carlos Candil has joined the London office as a Managing Director in the firm’s Energy, Power &… Read More
Packaging Quarterly Review Q1 2024
Supply chain constraints stemming from COVID-19 triggered significant shifts in demand, and access to, packaging supplies across various industries, as well as inventory management strategies. Over the course of the… Read More
Women’s Wear Daily | The Price of Beauty: How Much Are Investors Willing to Pay?
Originally posted by Women’s Wear Daily on April 12, 2024. Many beauty brands are starting to explore deal options. With several different brands in the same market category, this could… Read More
Lincoln International adds Lewis Gray as Managing Director
Lincoln International, a global investment banking advisory firm, is pleased to announce that Lewis Gray has joined as a Managing Director in the firm’s Business Services Group in London. Lewis… Read More
