Food & Beverage sector experienced subdued dealmaking activity in 2023. Market-wide deal volume declined due to a scarcity of both buyers and sellers, coupled with fluctuating valuations amid prevailing economic uncertainties. Encouragingly, the latter part of the year witnessed a positive shift, particularly in middle-market deals, where valuations averaged 7.5x Trailing Twelve Months (TTM) adjusted EBITDA—a notable increase of 0.9x from the second quarter and in line with first-quarter figures. Read the full report.
Beth Johnson joined FOCUS as an associate in March 2022. Ms. Johnson assists with the preparation of confidential information memorandums and detailed target lists that support buy-side and sell-side engagements, as well as data management and due diligence organization.
