Boom in food M&A just getting started as Kraft looms

Consumer carve-outs offer middle-market sponsors familiar brands, but returns depend on replacing corporate support, while financing growth.

The potential acquisition follows an unsuccessful effort by Anthropic to purchase Decart for approximately $6 billion in September.

Too many founders build their buyer lists around familiar names. Expanding the search beyond industry peers can lead to stronger valuations, better terms, and more competitive sale processes.