普华永道：2023法国投资并购行业趋势报告（英文版）（16页）.pdf

1、French M&A Industry trendsConsumer Markets2023PwC|French M&A Industry Trends|Consumer Markets-2023 Outlook2French M&A Consumer markets overview(*)Include deals in Retail,Consumer goods and Leisure sectors(deal value or Target turnover above 10m),completed or signed between 1 Jan.2022 to 31 Dec.2022,

2、involving at least one French party-Buyer or seller/target.Only deals with publicly available value indications have been included in Deal value data presentedAverage deal value presented above was calculating excluding the 2021 LVMH/Tiffany deal considered exceptionalSource:Mergermarket.Domestic De

3、als 112(-18%)Inbound Deals55(+20%)Outbound Deals93(+31%)2022CROSS BORDER DEALSDeals value and volumeAverage deal value(*)205mvs.280-27%In volume260vs.254+2%23,141,319,643,518,7226264252254260FY18FY19FY20FY21FY22Total deal value(in bn)Number of dealsFRENCH DEALS INSIGHTS(*)AT A GLANCE|2022 VS.2021 In

4、 2022,despite lower French deal values in comparison to the exceptional year 2021,the number of transactions remained highPwC|French M&A Industry Trends|Consumer Markets-2023 Outlook32022 French M&A Consumer markets trends4557567193FY18FY19FY20FY21FY22Outbound5959464655FY18FY19FY20FY21FY22Inbound235

5、8122610334334171714SwitzerlandBelgiumChinaNetherlandsGermanyUKSpainUSItalyInboundOutboundNUMBER OF OUTBOUND DEALSNUMBER OF INBOUND DEALSINBOUND/OUTBOUND DEALS(NB BY COUNTRY)2022The number of outbound deals significantly increased(+31%),French players targeting mainly the US,Spain and Italy,similarly

6、 inbound deals increased but to a lesser extent(+20%),attracting the UK,Italy,and German investors,domestic deals however sharply declined(-18%).PwC|French M&A Industry Trends|Consumer Markets-2023 Outlook42022 French M&A Consumer marketsFood represented 44%of 2022 M&A operations in particular ingre