KPMG’s Global Consumer Markets practice is pleased to announce a new thought leadership publication, Global M&A in Consumer Markets: Pursuing Growth in an Uncertain World.
Drawing on interviews with KPMG senior M&A professionals in 23 countries, as well as private equity firm executives, the report examines how companies in the food, drink, consumer goods (FDCG) and retail sectors are pursuing growth and consolidation amidst global uncertainty.
The report finds that while the fundamental drivers for growth remain in place in most countries, companies are wary of entering into large deals while the euro zone crisis remains unresolved and consumers are still adjusting to changed economic conditions.
M&A activity in 2011 within the consumer markets sector in Russia remained largely stable. Deal volumes were slightly below 2010 results with 243 deals completed in 2011 compared to 295 the year before. Shawn McCarthy, Partner, M&A and Financing, KPMG in Russia and the CIS, commented: “In the first half of 2011 we saw a significant uptick in activity for foreign multinationals looking to investigate opportunities in Russia. Now, a lot of that has been put on hold in response to events in Europe’s financial markets. Uncertainty has caused people to slow down a bit.”