In the global retail, wholesale & foodservice industry, there were 395 M&A deals announced in Q1 2023, worth a total value of $8.1bn, according to GlobalData’s Deals Database. The $2.1bn acquisition of uni-select by lkq was the industry’s largest disclosed deal. A thorough analysis of the disruptive themes, the M&A activity and most notable deals are included in GlobalData’s Foodservices Industry Mergers and Acquisitions Deals by Top Themes report. Buy the report here.
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In value terms, M&A activity decreased by 82% in Q1 2023 compared with the previous quarter’s total of $44.7bn and fell by 10% as compared to Q1 2022. Related deal volume decreased by 13% in Q1 2023 versus the previous quarter and was 15% lower than in Q1 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 20% share of the global retail, wholesale & foodservice industry’s M&A activity in Q1 2023, up 26% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q1 2023 were Rothschild & Co; KPMG International Coop; Stifel Financial with 4, 3, 3 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2023 were Baker & McKenzie; Fasken Martineau DuMoulin; Ellenoff Grossman & Schole with 5, 4, 2 deals respectively.
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