Food industry deals in June 2020 total $2.62bn globally

Total food industry deals for June 2020 worth $2.62bn were announced globally, according to GlobalData’s deals database.

The value marked an increase of 278.7% over the previous month and a drop of 1.5% when compared with the last 12-month average of $2.66bn.

In terms of number of deals, the sector saw a drop of 6.1% over the last 12-month average with 62 deals against the average of 66 deals.

In value terms, North America led the activity with deals worth $1.91bn.

Food industry deals in June 2020: Top deals

The top five food deals accounted for 78.5% of the overall value during June 2020.

The combined value of the top five food deals stood at $2.06bn, against the overall value of $2.62bn recorded for the month.

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

1) Collier Creek Holdings’ $1.56bn acquisition of Utz Quality Foods

2) The $340m private equity deal with Borden Dairy by Capitol Peak Partners and KKR &Inc

3) Ningbo Huanxi Industrial’s $81.54m acquisition of Shandong Longda Meat Foodstuff

4) The $46.68m acquisition of LOTTE FOODS by Lotte Holdings

5) Gao Lian Venture Capital, Maotai Jianxin (Guizhou) Investment Fund Management and Yisan Capital’s venture financing of Sichuan Baijia Food Industry for $28.3m.

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.