15th November 2023 M&A / PwC
Food and beverage deals help lift overall activity to be “better than expected” for the period.
Deal activity remained on an even keel in Q2 but headwinds could see more consolidation in sectors such as food manufacturing and hospitality.
The scene is set for a cool down in merger and acquisition activity following two years of peak deals fuelled by cheap money and a strong economy, according to PwC.
There were 45 M&A deals announced or completed in the first three months of the year, according to PwC’s latest quarterly update, compared with just 11 for the same period last year.
A flurry of F&B-related takeovers were recorded in the final quarter of 2021, closing out a record year for mergers and acquisitions in New Zealand, according to PwC.