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Research from financial advisor Grant Thornton UK LLP has found that after welcoming signs of recovery for food and beverage mergers and acquisitions (M&A) at the start of 2023, deal volumes continued to rise in the second quarter of the year. #acquisition #accounts #foodindustry

Reflective of what we're seeing (and will continue to see) in global #capitalmarkets, it's great to see Australia's long-awaited #IPO of Guzman y Gomez Mexican Kitchen see shares soar 39% on its trading debut today. For context, Guzman is Australia's Chipotle equivalent in the US, and Guzman plans to have the same number of stores across Australia as McDonalds does.... Well done to all involved. Source: https://lnkd.in/eaTBKQg4

Since 2002 there has been at least 1 restaurant IPO every year except for 2009 and 2022. 2021 was the best year for Restaurant IPOs since 2015 and classifies as one of the second-best years along with 2015 and 1992, each with 5 IPOs. The market was quiet during 2022, but came back with two IPOs (one large, one small) in 2023: CAVA and Gen Restaurant Group. With as much private capital sitting on the sides as there is, the return of IPOs reflects an increased confidence in public markets (and the public’s confidence in the industry, for the right concepts at least). We believe there’s an opportunity for foodservice companies to go public and for investors to benefit by identifying which investments have the best risk/reward ratio. #restaurants #ipo #stocks #finance

The U.S. IPO market has slowed down in the last couple of years: 2022 and 2023 saw the lowest numbers for companies going public in the last decade. But some signs are indicating that, over the next 12-18 months, IPOs are posed to surge. Investors have many reasons to have faith in restaurant chains. And restaurant IPOs have clear cycles. We think 2024-2025 are going to be big years for restaurant IPOs. And these companies start preparing years in advance. Check out our latest restaurant IPOs insights — and why you should care even if you’re not considering going public. #restaurants #IPO

🌮 Exciting News from Down Under: Guzman Y Gomez's IPO! 📈 As someone with a keen interest in market trends, I'm thrilled to share about Mexican restaurant chain Guzman Y Gomez (GYG) gearing up for an initial public offering (IPO) on the Australian Securities Exchange (ASX). With their plans to raise around AUD 150 million ($103 million), this move could represent a notable shift for the Australian market, which is currently rebounding from several challenging years. GYG, known for its vibrant food and dynamic dining experience, operates over 300 restaurants across not just Australia, but also in New Zealand and the USA. With this IPO slated for late July or early August, we're looking at a potential injection of optimism and momentum into the Australian financial landscape. 🚀 Analysts are eyeing a company valuation between AUD 500 million to AUD 600 million, predicated on an expected EBITDA of around AUD 50 million. The plans? Utilizing the proceeds to alleviate debt and propel expansion efforts. This initiative could not only revitalize deal activity in the ASX but also serve as a beacon for other companies contemplating public listings. It seems the investor appetite for new listings is reawakening! 🤔 Have you invested in IPOs before, or are you planning to explore this avenue with GYG? What are your thoughts on the potential impact of this IPO on the Australian market? Let's discuss! #IPO #Investing #AustralianMarket #FinanceNews #GuzmanYGomez #ASX #MarketTrends

Metcash, the powerhouse behind IGA and Mitre 10, announces a bold $560 million acquisition of three companies, aiming to significantly expand its footprint in the foodservice and hardware sectors. The ambitious expansion, funded through capital raising and existing resources, positions Metcash to become a national leader in food distribution overnight, according to CEO Doug Jones. By acquiring Superior Food Group, Bianco Construction Supplies, and Alpine Truss, Metcash targets growth in fast-growing foodservice markets and strengthens its hardware portfolio, enhancing its diversity and market reach. These strategic moves are designed to adapt to evolving consumer trends towards out-of-home eating and pre-prepared meals, offering new opportunities for supplier integration and market penetration. As Metcash prepares to resume trading following the announcement, these acquisitions mark a significant step in its long-term strategy to lead in both the foodservice and hardware industries, driving forward with innovation and strategic leadership. Follow Outback Briefs to stay up to date with Australian Business News! #australia #australianews #businessnews #metcash #acquisition

Supermarket chain operators ALDI USA and Fresco Retail, agreed to acquire the supermarket assets of Southeastern Grocers, a supermarket portfolio. The supermarket assets include Fresco y Más, Winn-Dixie and Harveys Supermarket. Financial terms were not disclosed. “Our successful transformational journey has created a unique opportunity with leading partners who share our vision and common commitments to creating value for their customers. We believe these next steps will fuel a phenomenal experience for our customers, new opportunities for our associates and increased value for our shareholders. As the sales processes proceed, we’ll stay acutely focused upon delivering the exceptional quality, service and value that our customers and communities have come to expect from us," Anthony T. Hucker, Southeastern Grocers President and CEO. ALDI USA (led by Jason Hart and Eric Riegger) is advised by Deutsche Bank, Baker McKenzie, Kayne Law Group Co, P.A. and Zeno Group. Southeastern Grocers (led by Anthony T. Hucker and Brian Carney) is advised by RBC Capital Markets, Kirkland & Ellis and Willkie Farr & Gallagher LLP. #MergersAcquisitionsDivestitures #Retail #Supermarkets

A report by Oghma Partners reveals an increase in merger and acquisition activity in the UK's F&B sector. Deal volume increased in the first four months of 2024 compared to the same period in 2023, reaching the highest levels since T1 2016. #manda #ukbusiness #foodandbeverage #foodindustry

‘We think well-managed, large food retailers are better than average businesses,’ says Sean Peche, a top #valueinvestor who manages the Ranmore Global Equity fund, in which Carrefour is a top 10 holding. ‘They provide a vital service to society and generate attractive returns on capital and consistent cashflow because of their favourable working capital dynamics. Under the current management team, #Carrefour has doubled cash from operations over the past five years [and trades on] eight times expected earnings.’ Read more in Citywire Americas below Ranmore Fund Management Ltd https://lnkd.in/djM7rzp2

Conyers has advised BBB Foods in connection with its US$589 million initial public offering on the New York Stock Exchange. The company, which now trades under the symbol “TBBB”, raised approximately US$490 million in primary proceeds with shareholders selling an additional c. US$100 million of shares in the secondary sale. The IPO values BBB Foods at approximately US$2.2 billion, making it the largest BVI listing in over five years. It is also the largest IPO in the USA by a Mexico-based firm since Santander listed its Mexican unit in 2012, according to data compiled by Bloomberg. BBB Foods is one of the fastest growing retailers in Mexico and operates using a “hard discount” grocery model. In 2023, the company averaged a new store opening every 22 hours. Partners Anton Goldstein and Rachael Pape together with Associate Nina Goodman of Conyers’ BVI office advised on the transaction, working alongside Simpson Thacher & Bartlett LLP as US counsel and Greenberg Traurig S.C. as Mexican counsel. Read more here: https://loom.ly/xg6j4Ys #BVI #NYSE #capitalmarkets #IPO