Asia-Pacific’s food industry saw a drop of 15.38% in deal activity during September 2021

Asia-Pacific’s food industry saw a drop of 15.38% in deal activity during September 2021, when compared with the last 12-month average, led by Aoye Group, C&D Xinxing Investment, Huagai Capital, Lagen Capital, Qingdao EMU Town Investment Group, Sunshine Venture Capital, XVC and Yiling Capital’s $51m venture financing of Lihe Taste Qingdao Food Industry, according to GlobalData’s deals database.

 

A total of 22 food industry deals worth $99.8m were announced for the region in September 2021, against the 12-month average of 26 deals.

Of all the deal types, venture financing saw most activity in September 2021 with 13 transactions, representing a 59.1% share for the region.

In second place was M&A with eight deals, followed by private equity deals with one transactions, respectively capturing a 36.4% and 4.6% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in Asia-Pacific’s food industry with $99.81m.

Asia-Pacific food industry deals in September 2021: Top deals

The top five food deals accounted for 92.7% of the overall value during September 2021.

The combined value of the top five food deals stood at $92.49m, against the overall value of $99.8m recorded for the month.

The top five food industry deals of September 2021 tracked by GlobalData were:

1) Aoye Group,C&D Xinxing Investment,Huagai Capital,Lagen Capital,Qingdao EMU Town Investment Group,Sunshine Venture Capital,XVC and Yiling Capital $51m venture financing deal with Lihe Taste Qingdao Food Industry

2) The $22m venture financing of Growthwell Group by Creadev,DSG Consumer Partners,GGV Capital,Iris Fund and Temasek Holdings (Private)

3) Clean Energy Finance $11.92m venture financing deal with All G Foods

4) The $4.3m venture financing of Shanghai Shiwei Biotechnology by K2VC ,Lever VC,Sky9 Capital and Zhen Fund

5) Aspire NZ Seed Fund,Impact Enterprise Fund,Lincoln Agritech and Pacific Channel $3.27m venture financing deal with CertusBio