Current M&A Landscape: Macro Trends, Valuation Metrics and More

Dear Client:  There have been some pretty big M&A deals this year, particularly in the wine industry, with Constellation Brands officially closing its sale of 30+ brands to E&J Gallo, Altria selling Ste. Michelle Wine Estates to a private equity firm, and the Vintage Wine Estates SPAC deal.  "What's been missing from the market is the number of small deals," said Rabobank's Steve Rannekleiv during a panel at the recent Bar Convent Brooklyn, hosted by Park Street University. Steve dug