{"id":36987,"date":"2023-03-23T17:41:52","date_gmt":"2023-03-23T16:41:52","guid":{"rendered":"https:\/\/staging.capitalmind.com\/nordic-ma-market-h22022-review-food-agro\/"},"modified":"2023-05-04T17:23:20","modified_gmt":"2023-05-04T15:23:20","slug":"nordic-ma-market-h22022-review-food-agro","status":"publish","type":"post","link":"https:\/\/dev2.capitalmind.com\/de\/nordic-ma-market-h22022-review-food-agro\/","title":{"rendered":"Nordic M&#038;A Market H2&#8217;2022 Review: Food &#038; Agro"},"content":{"rendered":"<h2>M&amp;A appetite in the Nordics Food &amp; Agro space remains strong during H2\u201922 with deal activity increasing 21% compared to the same period in 2021.<\/h2>\n<p>Market uncertainties and a turbulent economic environment has not put a stop to the wish for continuous growth through M&amp;A as we have witnessed one of the most active H2 periods in six years. Intra-Nordic transactions remain the key growth driver with a lot of Nordic companies seeking to expand their Scandinavian presence. The Food sub-segment continues to be the most attractive space accounting for almost 2\/5 of all transactions in H2\u201922, while the Agribusiness and Aquabusiness sub-segments each account for approximately 1\/5 of the transactions in this period. Nordic companies operating within Beverage and Food Service &amp; Distribution have both seen M&amp;A activity in just above 1\/10 deals the past half year.<\/p>\n<h4><strong>Key insights:<\/strong><\/h4>\n<ul>\n<li>Nordics Food &amp; Agro deal flow was tremendously strong in H2\u201922 exceeding the same period in both 2018, 2019 and 2021, while at par with H2 in 2017 and 2020.<\/li>\n<li>Intra-Nordic and domestic deals still drive M&amp;A in the Nordics Food &amp; Agro space, although we have witnessed an increase from international buyers.<\/li>\n<li>Private Equity involvement remains fairly consistent on a four-year basis accounting for 16% of transactions during 2022.<\/li>\n<li>Eight Nordic serial acquirers dominate the buy-side in the Food &amp; Agro space with involvement in almost one out of five deals between 2017-2022.<\/li>\n<li>Stock performance in Nordic Food &amp; Agro sub-segments have had a rough year with only the Aquabusiness index outperforming the overall market, while the Food index ends on par with the Nordic stock market and the other indexes underperform.<\/li>\n<li>Rolling 3-month average EV \/ NTM EBITDA multiples for listed peers in all sub-segments trade below their five-year average, implying a market still concerned with macroeconomic uncertainties and conflicts around the world.<\/li>\n<li>The past six months have delivered some truly interesting deals, including: The largest Danish merger in history between Chr. Hansen and Novozymes (EUR 11.7 bn), SalMar\u2019s acquisition of an additional 37% stake in NTS ASA giving them the majority control, The Lindstr\u00f6m Family\u2019s sale of Bubs Godis to Orkla, and Mowi\u2019s majority-stake acquisition of Arctic Fish (EUR 169m).<\/li>\n<\/ul>\n<p>You are welcome to access the entire report via the following link:&nbsp;<a href=\"https:\/\/capitalmind.docsend.com\/view\/xqask8rgg6epvgik\" target=\"_blank\" rel=\"nofollow noopener\">Nordics Food &amp; Agro M&amp;A H2 2022 review (DocSend)<\/a>, or you can have it sent to you by contacting us.<\/p>\n<p>Please do not hesitate to contact us.<\/p>\n<p>You can find more information on our website at&nbsp;<a href=\"https:\/\/dev2.capitalmind.com\/sector-expertise\/food-agro\/\" target=\"_blank\" rel=\"noopener\">www.capitalmind.com\/food-agro\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&amp;A appetite in the Nordics Food &amp; Agro space remains strong during H2\u201922 with deal activity increasing 21% compared to&#8230;<\/p>\n","protected":false},"author":13,"featured_media":35464,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3801,3785],"tags":[3815],"news-event-type":[],"dealtype":[],"blog-tag":[],"class_list":["post-36987","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sectornews-de","category-news-and-events-de","tag-logistics-de","ps-food-agro-de"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/posts\/36987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/comments?post=36987"}],"version-history":[{"count":0,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/posts\/36987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/media\/35464"}],"wp:attachment":[{"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/media?parent=36987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/categories?post=36987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/tags?post=36987"},{"taxonomy":"news-event-type","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/news-event-type?post=36987"},{"taxonomy":"dealtype","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/dealtype?post=36987"},{"taxonomy":"blog-tag","embeddable":true,"href":"https:\/\/dev2.capitalmind.com\/de\/wp-json\/wp\/v2\/blog-tag?post=36987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}