Food industry cross border deals total $26.32m globally in December 2020

Total food industry cross border deals worth $26.32m were announced globally for December 2020, with the $18.3m acquisition of Foshan Nanhai Runyuan Food being the sector’s biggest investment, according to GlobalData’s deals database.

The value marked a decrease of 97.8% over the previous month of $1.19bn and a drop of 98.3% when compared with the last 12-month average of $1.59bn.

In terms of number of cross border deals, the sector saw a rise of 16.67% with 21 deals in December 2020 when compared to the last 12-month average of 18 deals.

In value terms, Asia-Pacific led the activity with cross border deals worth $22.94m in December 2020.

Food industry cross border deals in December 2020: Top deals

The top five cross border deals accounted for 96.4% of the overall value during December 2020.

The combined value of the top five cross border deals stood at $25.38m, against the overall value of $26.32m recorded for the month.

The top five food industry cross border deals of December 2020 tracked by GlobalData were:

1) Foshan City Nanhai District Xinying Enterprise Planning and Guangnan HongLimited’s $18.3m acquisition of Foshan Nanhai Runyuan Food

2) The $3.1m venture financing of Avant Meats by 208 Seed Ventures, AngelHub, Artesian Ventures, China Venture Capital, CPT Capital, Lever VC, Loyal VC, Markus Haefeli, Particle Accelerator and PTG Food

3) CPT Capital, Happiness Capital, Stray Dog Capital and Veg Capital’s $2.1m venture financing of Better Dairy

4) The $1.29m acquisition deal of Zhangzhou Jintian Food by Junhua Enterprise

5) Food-Angels, Kale United, Katapult Ocean, PlusCap, ProVeg Deutschland EV, Veg Capital and Wave Ventures’ venture financing deal with Hooked Seafood for $0.6m.

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.