1、Quarterly Review 2025FOOD AND BEVERAGEQ12Q1 2025 FOOD AND BEVERAGE QUARTERLY REVIEW|IN THIS ISSUELincolns Q1 2025 Food and Beverage Quarterly ReviewLincoln International is pleased to release its Q1 2025 Food and Beverage Quarterly Review.As we reflect on the first quarter,deal flow across the broad

2、er mergers and acquisitions(M&A)landscape was slightly softened compared to Q1 2024.Despite light deal launch activity,new business opportunities remained a bright spot,with sellers looking to explore strategic alternatives following strong first quarter results;however,while business owners may be

3、eager to engage a financial advisor and begin sell-side preparation,they are in no rush to take deals to market,as general market sentiment remains cautious amidst global macroeconomic uncertainty.Looking ahead,the M&A community will be actively monitoring the impact of tariff actions out of Washing

4、ton D.C.and implications on the economy.Continued economic headwinds,coupled with significant policy changes from the new administration,are widening the valuation gap between buyer and seller expectations.In March,Lincolns food and beverage(F&B)team made its annual trip to Expo West in Anaheim,Cali

5、fornia.The event was highly attended,bringing together nearly 70,000 F&B industry stakeholders.Lincoln was pleased to host two separate events for our industry partners,giving us an opportunity to forge new relationships while also catching up with long-time friends.As it always does,Expo West provi

6、ded a wonderful opportunity for our F&B team to explore the newest trends impacting the sector.Some of Lincolns observations from the show include:Functional ingredients,particularly within beverages,continue to see increased consumer demand A growing number of companies are looking to add protein t