Food industry venture financing deals in Q2 2020 total $738.52m globally

Total food industry venture financing deals in Q2 2020 worth $738.52m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 52.4% over the previous quarter and a rise of 27.3% when compared with the last four-quarter average, which stood at $580.06m.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $580.25m. At the country level, China topped the list in terms of deal value at $527.86m.

In terms of volumes, Asia-Pacific emerged as the top region for food industry venture financing deals globally, followed by North America and then Europe.

The top country in terms of venture financing deals activity in Q2 2020 was the US with 28 deals, followed by China with 17 and India with seven.

In 2020, as of the end of Q2 2020, food venture financing deals worth $2.29bn were announced globally, marking an increase of 202.7% year on year.

Food industry venture financing deals in Q2 2020: Top deals

The top five food industry venture financing deals accounted for 19.5% of the overall value during Q2 2020.

The combined value of the top five food venture financing deals stood at $143.93m, against the overall value of $738.52m recorded for the month.

The top five food industry deals of Q2 2020 tracked by GlobalData were:

1) BA Capital Partners, CITIC Agri Fund Management, Maison Capital Group and Matrix Partners China’s $56m venture financing of Simple Love

2) The $28.3m venture financing of Sichuan Baijia Food Industry by Gao Lian Venture Capital, Maotai Jianxin (Guizhou) Investment Fund Management and Yisan Capital

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

4) The $16.4m venture financing of Munimji Foods & SpicesLtd. (Pushp) by A91 Partners

5) CPT Capital, Custos Privatstiftung, Jerusalem Venture Partners and Wolfgang Leitner’s venture financing of Innovopro for $15m.

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.