Food industry deals in December 2020 total $1.22bn globally

Total food industry deals for December 2020 worth $1.22bn were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 68.4% over the previous month and a drop of 60.5% when compared with the last 12-month average of $3.09bn.

In terms of number of deals, the sector saw a rise of 24.3% over the last 12-month average with 87 deals against the average of 70 deals.

In value terms, Asia-Pacific led the activity with deals worth $911.45m.

Food industry deals in December 2020: Top deals

The top five food deals accounted for 80.03% of the overall value during December 2020.

The combined value of the top five food deals stood at $975.91m, against the overall value of $1.22bn recorded for the month.

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

1) Inner Mongolia Mengniu Dairy (Group)Limited’s $458.1m acquisition of Shanghai Milkground Food TechLimited

2) The $295m acquisition of Greenfields Dairy Singapore by Freshness Holdings and Freshness

3) Whole Earth Brands’ $180m acquisition of WSO Investments

4) The $22.81m venture financing of HONlife by Qianhai Fund of Funds, Xingtuo Capital, Zero2IPO Ventures and ZhongWei Capital

5) ArcTern Ventures, Blue Horizon Ventures, Mitsubishi Corporation, Rubio Impact Ventures and Target Global’s venture financing of Mosa Meat for $20m.

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.