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Singapore’s F&B space could see uptick in M&A activity; more businesses up for sale or seeking growth capital

Rising inflation, rental and labour costs are pushing some players to sell their business or seek out strategic equity partners for support

Paige Lim

Paige Lim

Published Tue, Dec 13, 2022 · 05:50 AM
    • A spike in interest rates has caused more companies to consider bringing onboard strategic equity partners to reduce their overall debt, said Andrew Kwan, group managing director of Commonwealth Capital.
    • A spike in interest rates has caused more companies to consider bringing onboard strategic equity partners to reduce their overall debt, said Andrew Kwan, group managing director of Commonwealth Capital. PHOTO: BT FILE

    SINGAPORE’S food and beverage (F&B) space could soon see an uptick in mergers and acquisitions (M&A) amid an increasingly challenging macroeconomic environment.

    Industry players and market watchers told The Business Times that they see more businesses up for sale, while others seek growth capital to get back on track.

    Some acquisitions of home-grown brands have made the news in recent months.

    M&AF&BSingapore SMEsSingapore F&BSingapore economy

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