Food industry cross border deals total $245.38m globally in January 2021

Total food industry cross border deals worth $245.38m were announced globally for January 2021, with the $60m venture financing of BlueNalu being the sector’s biggest investment, according to GlobalData’s deals database.

The value marked an increase of 880.3% over the previous month of $25.03m and a drop of 80.7% when compared with the last 12-month average of $1.27bn.

In terms of number of cross border deals, the sector saw a rise of 21.05% with 23 deals in January 2021 when compared to the last 12-month average of 19 deals.

In value terms, North America led the activity with cross border deals worth $115.36m in January 2021.

Food industry cross border deals in January 2021: Top deals

The top five cross border deals accounted for 85.7% of the overall value during January 2021.

The combined value of the top five cross border deals stood at $210.23m, against the overall value of $245.38m recorded for the month.

The top five food industry cross border deals of January 2021 tracked by GlobalData were:

1) Agronomics, Alpha Impact Investment Management Partners, Clear Current Capital, CPT Capital, Flat World Partners, KBW Ventures, Lewis & Clark Partners, Losa Group, Mcwine, OurCrowd, Radicle Growth, Rage Capital, Rich Products, Siddhi Capital, Silicon Valley Community Foundation, Stray Dog Capital and Thai Union Corporate Venture Fund’s $60m venture financing of BlueNalu

2) The $50m venture financing of Green Park Snacks by The Craftory

3) Barilla Holding’s $48.73m acquisition of Pasta Evangelists

4) The $30m venture financing deal of LUB Foods USA by CapAgro, Djursholm Investment Group, DNS Capital, Gullspang Invest , Khosla Ventures, PeakBridge and Skandrenting

5) Proven Investments’ private equity deal with Roberts Manufacturing for $21.5m.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.