Food industry deals in August 2020 total $1.3bn globally

Total food industry deals for August 2020 worth $1.3bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 20.2% over the previous month and a drop of 49.8% when compared with the last 12-month average of $2.6bn.

In terms of number of deals, the sector saw a drop of 3.1% over the last 12-month average with 63 deals against the average of 65 deals.

In value terms, Asia-Pacific led the activity with deals worth $603.78m.

Food industry deals in August 2020: Top deals

The top five food deals accounted for 81.8% of the overall value during August 2020.

The combined value of the top five food deals stood at $1.07bn, against the overall value of $1.3bn recorded for the month.

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

1) Woolworths Group’s $399.4m acquisition of PFD Food Services

2) The $353.22m private equity deal with Prosur by MCH Private Equity

3) Coatue Management, Mirae Asset Global Investments, Temasek Holdings (Private) and XN – US’s $200m venture financing of Impossible Foods

4) The $66.32m acquisition of Shandong Delis Food by Agricultural Development

5) WRM Group’s private equity deal with Kipre Holding-SpA for $47.2m.

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.