Food industry deals in June 2019 total $483.93m globally

Total food industry deals for June 2019 worth $483.93m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 77.9% over the previous month and a drop of 87.1% when compared with the last 12-month average of $3.75bn.

In terms of number of deals, the sector saw a rise of 10.8% over the last 12-month average with 72 deals against the average of 65 deals.

In value terms, Asia-Pacific led the activity with deals worth $297.46m.

Food industry deals in June 2019: Top deals

The top five food deals accounted for 88.6% of the overall value during June 2019.

The combined value of the top five food deals stood at $428.85m, against the overall value of $483.93m recorded for the month. The top announced food deal tracked by GlobalData in June 2019 was Southern Capital Group’s $241.45m private equity deal with F & B Nutrition Sdn.

In second place was the $139.57m private equity deal with Pastas Gallo by Ventura Equity Partners and in third place was Shepparton Partners Collective’s $27.83m asset transaction with Coca-Cola Amatil.

The $10m venture financing of Hart Dairy by Alium Capital Management Pty. and New Crop Capital and Stray Dog Capital’s venture financing of SeaCo Foods International for $10m held fourth and fifth positions, respectively.

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.