Hannah Sannebeck’s Post

Supermarket Income REIT Expands Portfolio with Carrefour Acquisition Supermarket Income REIT plc (SUPR), a UK-based real estate investment trust, has announced a significant acquisition of a portfolio of 17 Carrefour supermarkets in France. The transaction, valued at €75.3 million, was completed through an off-market sale and leaseback agreement with Carrefour, one of the largest grocery retailers globally. Strategic Expansion into French Market This acquisition marks SUPR's entry into the fast-growing €284 billion French grocery real estate market, further diversifying its portfolio and tenant base. The acquired stores, operating under the Carrefour Market brand, form a crucial part of Carrefour's "Drive" online grocery fulfillment network, catering to the growing demand for omnichannel shopping experiences. Portfolio Highlights The portfolio comprises 17 strong-performing omnichannel supermarkets, with an average gross internal area of approximately 40,000 square feet. These stores have a long history of successful trading and are strategically located across northern France, providing geographic diversification. Ben Green, Director of Atrato Capital Limited, SUPR's Investment Adviser, expressed delight in completing this strategic transaction with Carrefour, a global grocery giant with €94 billion in total sales in FY23 and a 20% market share in France. Alignment with Investment Strategy Green emphasized that the acquisition aligns with SUPR's strategy of investing in the future model of grocery retailing, focusing on omnichannel capabilities and e-commerce fulfillment. The transaction is accretive to SUPR's existing portfolio, further diversifying its tenant base while providing exposure to the resilient French grocery market. As SUPR continues to expand its footprint, this acquisition reinforces its commitment to investing in high-quality grocery real estate assets that cater to evolving consumer demands and omnichannel shopping trends.

🚀 Future of Retail Why 2023 was the year of the retail fire sale Aron Bohlig, Managing Partner, shared his deep dive and thoughts in a story on retail dealmaking in 2023, in Modern Retail. 💡 Key Insights: - Persistent trend of robust M&A across CPG and cosmetics brands can be attributed to their scalability and large addressable markets they cater to - In an environment characterized by high interest rates, D2C fashion brands, and consumer services have faced challenges - Investors in the equity market have exhibited reluctance towards discretionary non-consumable goods - These firms may go through bankruptcy and be sold at a discount #mergersandacquisitions #funding #retailsoftware Read the complete article here: https://lnkd.in/g_BG2Z3t

Ecommerce aggregators faced significant headwinds in 2023, grappling with challenges like restricted VC funding, rising interest rates, and an increase in bankruptcies and consolidations. As a result, the appetite for acquisitions has significantly cooled, leading to a sizeable dip in multiples from the highs of 2021. I'm interested to hear your thoughts on the evolving landscape for ecom aggregators. How do you see this space evolving? What do you expect to see in 2024? From my perspective, I expect to see further consolidation among aggregators, alongside a necessary shift towards more strategic, quality-focused acquisitions. High quality brands with strong market positions might still secure favorable deals, whereas more generic brands could struggle to attract interest. What's your take on the future for ecommerce aggregators and the brands they target?

Happy Monday Everyone! The U.S. CPG M&A and VC Weekly Deal Tracker pdf for the Week ending April 29th is attached. As always, if you want the Excel version, which contains all the trackers so far in 2024, send me a DM and I will send it to you. April 29th is both Arbor Day here in the U.S. and it is also International Dance Day. So, go out and plant a tree, bring the loudest portable speaker you can get your hands on and throw a post-planting dance party. Future oxygen for your body and music for your soul – it’s a good combo. The last week was a fairly quiet one for M&A and Buyouts in U.S. CPG, but quite active for early stage capital raises. In the rumor mill, it appears Falfurrias Management Partners is shopping its portfolio company Sauer Brands, Inc. Sauer Brands has a number of condiments, spices, seasonings and dressings in its portfolio and its best known for it’s Duke's Mayonnaise brand. Speculation is that EBITDA is approximately $120 Million and valuation is expected to come in around 10x EBITDA at $1.2 Billion. https://lnkd.in/ec9TCTEV JD Sports Fashion announced that it is acquiring sporting goods retailer Hibbett Sports for $1.1 Billion. JD Sports has always been a highly acquisitive company having completed over 80 acquisitions since 2000, including four deals in the past year prior to this latest transaction. https://lnkd.in/eaJjkzZV There were over 20 early-stage capital raises completed in the last week. This continues the upward trend that we have been seeing for a few weeks now in the volume of early stage U.S. CPG investing. Notable deals in this group: 1.    WILDE CHIPS announced the completion of a $20 Million funding round from a group of new investors. The group included well-known musicians Jack Harlow and @Machine Gun Kelly.  Congratulations to Co-Founders Jason Wright, Melissa Wright and Brendan Synnott.  I love this company’s chicken chips, especially the Himalayan Pink Salt flavor. https://lnkd.in/ea93YyC6 2.    Planet-friendly consumer electronics company Framework raised $17 Million via a Series A1 Offering. https://lnkd.in/eaWAy47W 3.    Florida-based keytone drink company KEY Energy Drink From Ketones raised a $4 Million seed round led by AgFunder. https://lnkd.in/es_jNYgJ 4.    Femtech company Playground raised $2 Million four investors led by Palm Tree Crew Investments. https://lnkd.in/eNwS6vnm 5.    Artisan cheese startup Face Rock Creamery raised a $3.35 Million seed round from undisclosed investors. www.facerockcreamery.com Chris Shipferling Nicholas Weiksner Taliesen Hollywood

https://lnkd.in/gbgDcpmp Post-CoVid has changed consumer behaviours, there is still a segment that avoids crowded locations, and there is a segment that either works from home or on a hybrid mode. #groceryretail #supermarkets #fairprice #ipo #consumerbehavior

Omnichannel furniture retailer Pepperfry has postponed its initial public offering (IPO) plans after having engaged with bankers over the last year to hit the public market, according to founder and chief executive officer (CEO) Ashish Shah. Instead, it will prioritise focusing on growth and profitability in the current financial year. “We have postponed our IPO plans for the time being. There are other important areas to focus on in the business. From a cost standpoint, we are strong. Therefore, we are focusing on growth now. We aim to go slow but get solid growth, which is also profitable. If we can continue this growth for 8-10 months, we will be IPO-ready,” Shah said. This move aims to capitalize on the burgeoning demand in the online furniture and home decor market, positioning Pepperfry for substantial expansion and financial success. As the company gears up for this pivotal step, it showcases a robust roadmap designed to enhance shareholder value and drive sustained growth. Pepperfry Ashish Shah Stay tuned for more such information #Pepperfry #IPO #GrowthStrategy #Profitability #MarketExpansion #BusinessNews #Ecommerce #FurnitureIndustry #InvestmentOpportunity #FinancialGrowth #BusinessDevelopment #CompanyStrategy #IndustryTrends #StartupSuccess #MarketLeadership

Discover how Mint Velvet went from startup to a major player on the UK high street - all while scaling smoothly. In just 3 months, we helped them build a scalable, multichannel infrastructure that supported rapid growth, under budget and ahead of schedule 📈 Learn how you can unlock similar growth for your retail brand by downloading the full case study below! 👇 https://lnkd.in/eQtPiv8y #RetailSuccess #MintVelvet

Last week at Chain Store Age’s #SPECSShow2024, Scott Auster, EVP and Head of Leasing, joined industry leaders Chris Ressa from DLC Management Corp. and Craig Kopko from WMG Development, LLC on a panel to discuss "Strategizing Retail Store Growth In Today's Market." They explored the dynamics of retail expansion, focusing on growth opportunities and trends influencing retailers' strategies. This panel provided crucial insights into navigating the evolving retail landscape for sustainable growth. #UE #UrbanEdge #Chainstoreage #leasing #development #cre #realestate #retailgrowth

Happy Monday Everyone! The U.S. CPG M&A and VC Weekly Deal Tracker pdf for the Week ending June 10th is attached. As always, if you want the Excel version, which contains all the trackers so far in 2024, send me a DM and I will send it to you. We are now entering the historically slower deal volume months of June - August as schools are getting out for the summer and vacation season begins. It will be interesting to see if volume follows the historical seasonal trend. This past week featured a stronger than expected jobs report that promptly resulted in a reduction in the probability of an interest rate cut from the U.S. Fed in 2024. This week May CPI & PPI data will be out and the U.S. Fed will be announcing its June interest rate decision. While it appears to be all but certain that they won't move rates this week, the commentary that comes along with the decision will be important for those attempting to handicap the probability of a September rate cut (currently ~50%). In deal activity this week, there were 7 Corp/Strategic Acquisitions and 3 Financial Sponsor Buy Outs. Dollar Tree Stores announced that it is actively seeking a buyer for Family Dollar after essentially a failed merger that closed in 2015. Marquee Brands announced the acquisition of Totes Isotoner. Marquee is partnering with Randa Apparel & Accessories to be the operating partner for the brand. Elsewhere in apparel, '47 is being acquired by New Era Cap via its financial sponsors Apollo Global Management, Inc., Felicitas Global Partners, GCM Grosvenor, Hamilton Lane, Upwelling Capital Group, Neuberger Berman and NBA Equity. Acme Tackle Company announced the acquisition of fishing products company Two Brothers Innovations via its financial sponsor The Great River Company, Inc. https://lnkd.in/e_bqqwsZ https://lnkd.in/enpuKxqJ https://lnkd.in/ekKYCUWS After the slower Memorial Day week, capital raising activity picked back up in the U.S. CPG space with 20 deals making our tracker this week vs. 8 last week. Wearable tech companies Ixana and Cognixion raised $10MM and $6.93MM respectively. It was also an active week in Food Tech and Food & Bev generally with Change Foods, Mozza Foods, Nurture Life, Optimized Foods, Pureture, and Revival Tea Company all announcing or completing funding rounds. Lastly, I want to give shoutouts to Happier Camper, Inc. and Ready Rocker®, who completed funding rounds of $6.62MM and $3.04MM. I hope all of you in the U.S. and the rest of the Northern hemisphere are enjoying summer so far! Chris Shipferling Nicholas Weiksner Taliesen Hollywood

Download the newest Consumer & Retail Monthly Report from TM Capital. It covers the latest industry M&A deal activity and news, as well as trends in valuation and store performance in the consumer space. #TMCapital #ExtraordinaryOutcomes #ClientCare #Consumer #Retail #FoodBeverage #GiftHome #ApparelAccessories #RecreationalProducts #PersonalCare #HomeGardenPet #MergersandAcquisitions #InvestmentBank #FinancialAdvisor #Atlanta #NewYork #Boston