North America’s food industry sees a flat growth in deal activity in May 2019

North America’s food industry saw a flat growth in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

A total of 27 food industry deals worth $643.37m were announced for the region in May 2019, against the 12-month average of 27 deals.

Of all the deal types, M&A saw most activity in May 2019 with 15 transactions, representing a 55.6% share for the region.

In second place was private equity with six deals, followed by venture financing deals with six transactions, respectively capturing a 22.2% and 22.2% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in North America’s food industry with $548.88m, while M&A and venture financing deals totalled $84.38m and $10.11m, respectively.

North America food industry deals in May 2019: Top deals

The top five food deals accounted for 98.3% of the overall value during May 2019.

The combined value of the top five food deals stood at $632.26m, against the overall value of $643.37m recorded for the month. The top announced food deal tracked by GlobalData in May 2019 was Bain Capital’s $320m private equity deal with CJ Foods.

In second place was the $148.88m private equity deal with Premium Brands by Canada Pension Plan Investment Board and in third place was Aterian Investment Partners III’s $80m private equity deal with Hain Pure Protein.

The $80m acquisition of Clabber Girl by B&G Foods North America and TransCanna Holdings’ asset transaction with Tres Ojos Naturals for $3.38m 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.