Our latest whitepaper looks at the New Zealand brewing industry and its overall performance and scale.
The paper notes that 268 million litres of beer was released into the domestic market in the year to March 2026, which is lower than the peak in 2019 of 295 million litres. Further higher strength craft beer volumes are down around 44% since 2022.
The increase in the beer excise tax of more than 20% over the past five years has also had an impact on margins.
With these growth trends reversing, various forms of consolidation appear to be the next step for the sector.
With that as a backdrop we look at the industry’s transaction history and the strategic options available to owners.
Armillary assisted Faradays with raising the funding for its new premium retail store at 131 Queen Street in Auckland's CBD.
Armillary supported Garage Project with due diligence on its acquisition of bStudio. bStudio is an automated brewery that has brewed a meaningful part of the Garage Project range for years, so bringing it into the group is a natural next step.
Armillary advised and arranged a Warehouse Facility to support the future growth of Lifestyle Money Limited’s consumer finance book.
Armillary continues to be active with advisory and valuation work including a valuation of a minority shareholding in an insurance underwriting agency.
Feazo is an AI-driven site feasibility platform that removes a structural bottleneck in property development. It enables property developers, architects and advisers to assess development potential in minutes rather than weeks, generating compliant, buildable site design options considering council planning rules and site-specific constraints.
Opportunity to invest in an established natural fibre materials business with an experienced management team and scalable processing capability.
Capital raise to scale a business commercialising an innovative glass substitute product, with a newly commissioned manufacturing plant and early repeat orders.
Capital raise for an established technology company building New Zealand's sovereign digital infrastructure platform, spanning sovereign cloud, AI compute infrastructure and nationally significant digital capability.
Sale of well managed boutique retirement village in a strong demographic market with consented development upside and supported by a strong residential market.
Opportunity to acquire an established and profitable premium beverage brand with a strong on-premise presence in New Zealand and international distribution across Australia, Asia, the USA and the Middle East.
Opportunity to purchase a shareholding in a well-established leading nationwide player. Geographic spread of blue-chip corporate & Government clients.
Through the M&A Worldwide network we also have access to mid market opportunities across Australia, Asia, Europe and the Americas.
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Semiconductor M&A has shifted. Buyers are no longer chasing the company with the best chip design. They are paying up for the specialist suppliers that control the bottlenecks in AI infrastructure, from power management and packaging to timing and testing.
The same pattern is showing up across capital heavy industries. Owning hard to replicate technology at a critical constraint point now does more for value and negotiating leverage than scale or profile.
Read the Full ArticleBuyers are paying for control of the constraint points, not for the most advanced chip.
