Frank N. PetragliaPartner, Deal Advisory & Strategy, KPMG; Consumer, Retail & Hospitality Sector Leader
Background
Frank is the Consumer and Retail Industry Leader for KPMG’s Deal Advisory and Strategy (“DA&S”) practice. In this role, Frank responsibilities extend across KPMG’s end-to-end DA&S offerings for C&R, inclusive of Financial and Operational Diligence, Accounting and Advisory Services, Strategy (including Performance Improvement and Transformation), and KPMG Corp Finance, the Firm’s affiliated broker dealer providing investment banking services.
Frank brings over 30 years of Big 4 experience, including 5 years as an auditor and 25 years advising on transactions. Frank has advised on both buy and sell side transactions, with clients across Corporate and Private Equity enterprises, supporting transactions with an enterprise value range from $10m to $17.6b, however with a focus on corporate carve-outs.
Professional and industry experience
In addition to Frank’s deep experience and credentials in the consumer and retail space, his carve-out credentials bring significant experience across functional areas and transaction considerations including financial analysis, financial and operational reporting, deal basis financial data presentation, operational separation, target operating model, and day one to post TSA integration considerations; Frank’s selected specific experience includes:
Buy side support for a US based CPG’s assessment of a carve-out of a leading beverages business with an estimated stand-alone carve-out value of $25B+. Frank led teams across financial and operational diligence with a core focus on consideration of the operational entanglements of the target business, and corresponding stand-alone and synergized cost models for the Suitor.
Sell side support for a US based CPG company’s assessment, carve-out and divestiture of several staple and sporting goods consumer brands businesses with an aggregate transaction value of $2B+. Key areas of support included financial, tax and operational due diligence, and for one of the 3 transactions included a KPMG (European) VDD report, with reliance, inclusive of financial, operational and tax diligence.
Buy side support for a multi-national CPG’s diligence in conjunction with it’s $5.7B acquisition of a carved-out VMS business. Key areas of support included financial, operational and tax diligence, with specific synergy support focused on key functions (e.g., supply chain, production, finance, HR, IT, etc.).
Sell–side support for a European based CPG company’s $4 billion carve-out and divestiture of its US beverage business. Key support areas included management of stakeholders and activities across the KPMG solution, including financial due diligence, carve out financial statement preparation, tax structuring and diligence, commercial diligence and stand-alone cost and operational separation assessment. Support included extensive integration and collaboration with client and investment bankers in development and presentation of value story to suitors, and their attorneys in driving the diligence results into the transaction documents.
Buy-side support for a US based, SEC listed branded foods business in conjunction with its acquisition of the frozen vegetable manufacturing operations of a vendor (for an undisclosed purchase price).
Sell-side support for a European based CPG company’s carve-out and divestiture of 3 North American food brands across 3 separate transactions. Frank’s support focused on financial diligence and quality of earnings, including stand-alone operating and corresponding cost implications.
