Harris Williams Consumer Update

Event Report: Global Pet Expo

Annual spending on pet products in the U.S. has climbed from $29 billion in 2001 to an expected $75 billion in 2019 according to the American Pet Products Association. This strong and steady growth in spending is just one of the reasons strategic and financial investors are paying close attention to the global pet products industry.

In this piece, Ryan Budlong, a Managing Director in Harris Williams’ Consumer Group, provides key takeaways from the Global Pet Expo, the pet industry’s largest annual trade show. One trend Budlong notes is that while dog products have been the focus of buyers and investors for a long time, interest is starting to climb in cat products. Other trends shaping the space mirror those seen in products intended for human consumption.

Read more insights about the global pet industry here 

Public Markets Overview

Key Trading Statistics1

screen_shot_2019-05-03_at_11.38.44_am.png

Public Company Sector Performance (12-month % change in stock price)1

screen_shot_2019-05-03_at_11.39.35_am.png

Consumer and Retail Industry Stock Performance1

screen_shot_2019-05-03_at_11.40.17_am.png

Recent Equity Offerings1

screen_shot_2019-05-03_at_11.42.30_am.png

M&A Overview

Announced Consumer and Retail M&A1

screen_shot_2019-05-03_at_11.43.16_am.png

Recent Equity Offerings1

screen_shot_2019-05-03_at_11.43.50_am.png

Recent Equity Offerings1

screen_shot_2019-05-03_at_11.44.26_am.png

Public Comparables1

screen_shot_2019-05-03_at_11.53.25_am.png

screen_shot_2019-05-03_at_11.54.02_am.png

screen_shot_2019-05-03_at_11.54.22_am.png

screen_shot_2019-05-03_at_11.54.42_am.png

screen_shot_2019-05-03_at_11.55.10_am.png

screen_shot_2019-05-03_at_11.55.29_am.png

screen_shot_2019-05-03_at_11.56.03_am.png

M&A Transactions

Recent North American Consumer M&A1

picture1_293.png

Recent North American Consumer M&A1

picture1_294.png

picture1_295.png

1. FactSet

 

The information and views contained in this report were prepared by Harris Williams LLC (“Harris Williams”). It is not a research report, as such term is defined by applicable law and regulations, and is provided for informational purposes only. It is not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any securities or financial instruments or to participate in any particular trading strategy. The information contained herein is believed by Harris Williams to be reliable but Harris Williams makes no representation as to the accuracy or completeness of such information. Harris Williams and/or its affiliates may be market makers or specialists in, act as advisers or lenders to, have positions in and effect transactions in securities of companies mentioned herein and also may provide, may have provided, or may seek to provide investment banking services for those companies. In addition, Harris Williams and/or its affiliates or their respective officers, directors and employees may hold long or short positions in the securities, options thereon or other related financial products of companies discussed herein. Opinions, estimates and projections in this report constitute Harris Williams’ judgment and are subject to change without notice. The securities and financial instruments discussed in this report may not be suitable for all investors and investors must make their own investment decisions using their own independent advisors as they believe necessary and based upon their specific financial situations and investment objectives. Also, past performance is not necessarily indicative of future results. No part of this material may be copied or duplicated in any form or by any means, or redistributed, without Harris Williams’ prior written consent.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.