Europe’s food industry saw a rise of 22.73% in deal activity during May 2021

Europe’s food industry saw a rise of 22.73% in deal activity during May 2021, when compared with the last 12-month average, led by Mondelez International’s $2bn acquisition of Chipita, according to GlobalData’s deals database.

 

A total of 27 food industry deals worth $2.2bn were announced for the region in May 2021, against the 12-month average of 22 deals.

Of all the deal types, M&A saw most activity in May 2021 with 16 transactions, representing a 59.3% share for the region.

In second place was venture financing with seven deals, followed by private equity deals with four transactions, respectively capturing a 25.9% and 14.8% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s food industry with $2.18bn, followed by venture financing deals totalled $62.31m.

Europe food industry deals in May 2021: Top deals

The top five food deals accounted for 99.5% of the overall value during May 2021.

The combined value of the top five food deals stood at $2.23bn, against the overall value of $2.2bn recorded for the month.

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

1) Mondelez International’s $2bn acquisition of Chipita

2) The $155.03m acquisition deal with Bute Island Foods and Wisconsin Specialty Protein by Saputo

3) D1 Capital Partners, Drake Management, Maveron and Palm Tree Crew Investments’ $40m venture financing of Daring Foods

4) The $23.04m acquisition of PWC Odra and Zaklady Przemyslu Cukierniczego Otmuchow by Kervan International

5) Circleup Growth Partners, Collaborative Fund, Pentland Ventures and S2G Ventures’ venture financing of Gem Healthcare for $10.5m.