Dunkin Brands Group,
Brakes Group Food Distribution.
Buyer interest in the space could be a sign of deals to come as vaccination rates climb and lure diners back out. With Dealbook pegging the Dessert Holdings sale at $1 billion, the transaction could mark a sizable shift from 2020 food and beverage M&A activity. Last year saw a plurality of deals in the Alcoholic Beverages subsector, according to
Duff & Phelps. Subsectors like bakery and produce with restaurant sales channels registered at 7 and 13 percent of 2020 transactions respectively.
The subsector’s newfound attractiveness might already be seen in the PE-backed deals announced so far this year.