Consumer

We advised Bia Foods, a Latin American food.... Read more

We advised Bia Foods, a Latin American food and beverage conglomerate of Grupo Mariposa, on its acquisition of a majority stake in Badia Spices, a global food supplier and manufacturer.

This transaction supports the continued growth of Bia Foods.

Lawyers in our Miami office led the transaction, with support from our Baltimore, Brussels, Denver, Los Angeles, Madrid, New York, Northern Virginia, Philadelphia, and Washington, D.C. offices and our antitrust, banking, employment, infrastructure and projects, privacy and cybersecurity, real estate, regulatory, and tax practices.

We advised Fressnapf, a leading European... Read more

We advised Fressnapf, a leading European retailer of pet supplies, on the minority investment by international private equity firm Cinven in Fressnapf, and Fressnapf’s concurrent acquisition of the majority shareholding in Arcaplanet Group, an Italian pet care retailer, from Cinven.

The transaction supports Fressnapf’s strategic vision of building one of the best sustainable pet care businesses globally.

Lawyers in our Düsseldorf office led the transaction, with support from our Hamburg, London, Luxembourg, Milan, Munich, and Rome offices and our antitrust, private equity, and tax practices.

We advised the board of directors of TDCX, Inc., .... Read more

We advised the special committee of the board of directors of TDCX, Inc., a Singapore-based global provider of transformative digital customer experience solutions, on its US$1 billion take-private transaction led by its founder and CEO Laurent Junique.

The transaction gives TDCX greater flexibility to maximize growth with initiatives such as TDCX AI, an AI-powered data insights tool.

Lawyers in our Hong Kong office led the transaction, with support from our New York office and our banking, litigation, private equity, and securities practices.

We advised Walmart, a tech-powered.... Read more

We advised Walmart, a tech-powered omnichannel multinational retailer, on its US$2.3 billion acquisition of VIZIO, a computers and electronics manufacturing company.

The transaction is expected to further accelerate its U.S. media business Walmart Connect, bringing together VIZIO’s advertising solutions business with Walmart’s reach and capabilities.

Lawyers in our Silicon Valley and Washington, D.C. offices led the transaction, with support from our Denver, Los Angeles, Minneapolis, New York, and San Francisco offices and our antitrust, banking, capital markets, employment, intellectual property, international trade, litigation, privacy and cybersecurity, private equity, real estate, regulatory, and tax practices.

Sector performance

In 2024, M&A activity in the consumer sector showed signs of recovery, driven by renewed investor confidence and strategic transformations. The health and wellness subsector, in particular, saw heightened demand, fueled by interest in science-backed solutions, wearable tech, and at-home diagnostics.

Despite lingering macroeconomic uncertainties, deal values increased, with a shift towards fewer but higher-value transactions. Private equity drove a wave of take-private deals as investors sought long-term value in a rapidly evolving market. Companies also focused on digital transformation, acquiring technology-driven businesses to enhance customer engagement and streamline operations.


Hogan Lovells activities

In 2024, our Consumer team helped clients to navigate geopoltical risk and evolving regulatory landscapes, achieve significant digital advancements, and develop strategies to meet their energy transition goals.

We guided companies through key challenges shaping the sector, including supply chain disruptions, the growing influence of AI in retail, and emerging privacy concerns. We also served as editors to Panoramic – Luxury and Fashion 2024, a global guidebook offering insights into the industry’s evolving landscape.

Household-name clients go to Hogan Lovells for advice on retail matters.”

Chambers USA, 2024

550+

Consumer lawyers

Band 1

Food and Beverage: Regulatory & Litigation
Chambers USA, 2024

Four Pillars of our M&A Group

Technical excellence

Executing transactions effectively

Sector knowledge

Understanding issues in regulated industries

Global reach

Worldwide scope, local know-how

Full-service capabilities

Subject matter experience

M&A Year in Review

Expander

Dear Clients and Friends,

Welcome to the 2024 edition of our Hogan Lovells M&A Year in Review!

Each year, we publish the M&A Year in Review to express our gratitude to you — our clients and friends — for the opportunity to work together and for the successes we have shared. We hope you enjoy our review of dealmaking in 2024 and our outlook for M&A in 2025.

During 2024, M&A transaction values increased across the world, recovering from their decade-low levels in 2023, to reach an aggregate deal value of approximately US$3.5 trillion. These increases were attributable largely to a 25% rise in sponsor-related dealmaking and a return of megadeals. 

M&A transaction volumes improved during the third and fourth quarters of the year, following a lackluster first half of the year. This resulted in an annual global increase of 1.5%, even amidst a 3% decline in the United States.

Across sectors, technology M&A reasserted itself as the market leader by value and volume in 2024, rebounding from 2023 lows as investor demand for AI, digital innovation, and machine learning increased.

Our M&A Group is grateful to have worked with you over the course of the past year. Your transactions propelled Hogan Lovells to more than 30 M&A league table rankings worldwide, including top rankings for Global M&A and across Europe, France, Germany, Italy, the Nordics, Spain, the United Kingdom, Canada, Latin America, Asia Pacific, and China.

We enter 2025 with measured optimism for substantial M&A activity, based upon strong corporate fundamentals for strategics, significant capital held by sponsors, and reduced regulatory intervention, and in anticipation of compromises to be reached across the economic and diplomatic policies of new administrations. Our perspectives are set forth within our 2025 M&A Outlook here.

We appreciate the trust that you continue to place in us, and we look forward to supporting you on your M&A transactions in the year ahead.

Best wishes for continuing success in 2025,

The Hogan Lovells M&A Group