Food & Agriculture
David Iverson is a Managing Director and Head of the Consumer, Food & Retail group at Lazard Middle Market. He has been with the firm since 1999. His primary focus has been in food and grocery retail. His experience includes businesses in every sector of the food and agriculture chain – from animal production to foodservice to retail; and includes transactions with branded, private label, and foodservice companies. Mr. Iverson has acted as financial advisor to consumer, food, and retail clients on mergers and acquisitions (both buy-side and sell-side), refinancings and capital raises, and restructurings. Many of his transactions have been recognized by industry peers.
Some of Mr. Iverson’s recent award-winning transactions include advising:
Buddy’s Kitchen on its sale to Premium Brands Holdings (2018 M&A Advisor “Consumer Staples Deal of the Year”),
Ajinomoto (TYO:2802) on its acquisition of Cambrooke Therapeutics (2018 M&A Advisor “Cross Border Deal of the Year, $50MM-$100MM”),
Del Real on its sale to Palladium Equity Partners (2017 M&A Advisor “Consumer Staples Deal of the Year; Over $100MM”),
Highline Produce on its sale to Fyffes (2016 M&A Advisor “Consumer Staples Deal of the Year”),
Country Pure Foods on its sale to Sapporo and Toyota Tsusho (2015 M&A Advisor “Cross Border M&A Deal of the Year; Over $100MM - $250MM”), and
Golden Boy Foods on its sale to Post (2014 M&A Advisor “Cross Border Consumer and Retail Products Deal of the Year”).
Other Representative transactions include advising:
- Hi-Pro Feeds on its sale to Nutreco,
- Five Star Custom Foods on its sale to Cargill,
- Friendly's Branded Ice Cream on its sale to Dean Foods (NYSE:DF),
- Talenti Gelato & Sorbetto on its sale to Unilever (NYSE:UN),
- Unilever (NYSE:UN) on its sale of Skippy Peanut Butter to Hormel (NYSE: HRL), and
- Bloomin’ Brands (NASDAQ:BLMN) on its sale of Roy’s Restaurants to United Ohana.
Prior to focusing exclusively on consumer, food, and retail more than a decade ago, Mr. Iverson was involved in transactions in a wide variety of other industries. Previously, Mr. Iverson was a Director in the corporate accounting and finance department at Deluxe Corporation, a $2 billion diversified manufacturing and technology holding company. Prior to Deluxe, Mr. Iverson was an Accountant with the Entrepreneurial Advisory Services group of Coopers & Lybrand (now PriceWaterhouseCoopers), where he worked with a number of consumer, food, and retail clients.
Mr. Iverson was a Certified Public Accountant. He received a Master of Business Administration degree from Harvard Business School and undergraduate degree in Business Administration from the University of Notre Dame.