Food industry deals in April 2020 total $605.1m globally

Total food industry deals for April 2020 worth $605.1m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 24.1% over the previous month and a drop of 76.4% when compared with the last 12-month average of $2.57bn.

In terms of number of deals, the sector saw a drop of 31.3% over the last 12-month average with 46 deals against the average of 67 deals.

In value terms, Asia-Pacific led the activity with deals worth $526.26m.

Food industry deals in April 2020: Top deals

The top five food deals accounted for 87.8% of the overall value during April 2020.

The combined value of the top five food deals stood at $531.25m, against the overall value of $605.1m recorded for the month.

The top five food industry deals of April 2020 tracked by GlobalData were:

1) Meiji’s $254.4m acquisition of AustAsia Investment Holdings

2) The $225.62m acquisition of Jiangxi Zhengbang Technology by Shenzhen Xingxing Technology

3) Capital Today and CICC Capital ManagementLimited’s $28.23m venture financing of A1Food

4) The $15m venture financing of Innovopro by CPT Capital, Custos Privatstiftung, Jerusalem Venture Partners and Wolfgang Leitner

5) DSG Consumer Partners, Genesis Ventures, Insignia Ventures Partners, Koh Boon Hwee, Temasek International and Where two Get It’s venture financing of Growthwell Group for $8m.

Verdict deals analysis methodology

This analysis considers only announced and completed 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.