Intercap Merchant Partners Releases Its Food and Beverage Industry Corporate Finance Data Book for First Half 2007
Posted on: Monday, 16 July 2007, 18:03 CDT
Intercap Merchant Partners, a boutique investment bank focused on middle market companies, has released its Food and Beverage Industry Corporate Finance Data Book for First Half 2007. The report highlights food and beverage industry activity in the equity capital markets, debt capital markets and merger & acquisition markets for the six month period ending June 30, 2007. Key highlights of the report include the following:
Equity Capital Markets
In the U.S., $130.5 billion was raised in public equity offerings in the first half of 2007, marking the second-largest first half total since 2000. Notable food and beverage public offerings included the $169.4 million IPO of B&G Foods.
Private Placement Activity
U.S. private placements reached $68.9 billion in the first half of 2007. This amazing first half total compares to $88.0 billion for all of 2006. Notable food and beverage private placement transactions included $25 million secured by New Sun Nutrition, a maker of functional food and beverage products.
Mergers & Acquisitions
Global M&A activity hit $2.7 trillion, a 62% increase over the first half of 2006 and a new record. In the U.S., financial sponsor activity accounted for 36% of overall M&A activity versus 24% globally. Notable food and beverage deals included Coca-Cola Company's acquisition of Vitamin Water manufacturer Energy Brands for $4.2 billion.
"As of the most recently available data, change-of-control valuations remain high in the food and beverage industry," said Kurt Roth, a partner with Intercap Merchant Partners. "We continue to see significant interest from both strategic and financial buyers for niche leaders in the food and beverage industry, but signs of a frothy market are clearly evident."
An electronic copy of this report may be obtained directly from Intercap Merchant Partners by contacting the firm at info@intercapmp.com.
About Intercap Merchant Partners
Intercap Merchant Partners, LLC is a nationally recognized boutique investment banking firm focused on middle market companies. The firm structures and executes diverse and innovative public and private market transactions for corporations and financial institutions. Transactions include mergers, acquisitions, divestitures and the private issuance of equity and debt capital. Intercap Merchant Partners is a NASD-registered firm based in Northbrook, Illinois. More information is available at www.intercapmp.com.
Source: Business Wire
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