The food and beverage (F&B) sector in the UK reported a 50.8% year-on-year increase in merger and acquisition deals in 2021, to 89 transactions, according to a new report by Oghma Partners LLP.
The 2021 annual deal value amounted to an estimated £6.6 billion (€7.9 billion) – the highest level since 2010, the report noted.
In the last four months of the year (T3 2021), the sector reported 29 transactions, with a total deal value of approximately £722.1 million (€865.3 million).