North America’s food industry saw a rise of 14.29% in deal activity during April 2021

North America’s food industry saw a rise of 14.29% in deal activity during April 2021, when compared with the last 12-month average, led by Olam Food Ingredients’ $950m acquisition of Olde Thompson, according to GlobalData’s deals database.

 

A total of 32 food industry deals worth $1.3bn were announced for the region in April 2021, against the 12-month average of 28 deals.

Of all the deal types, venture financing saw most activity in April 2021 with 19 transactions, representing a 59.4% share for the region.

In second place was M&A with eight deals, followed by private equity deals with five transactions, respectively capturing a 25% and 15.6% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s food industry with $950.9m, while venture financing and private equity deals totalled $316.74m and $1.59m, respectively.

North America food industry deals in April 2021: Top deals

The top five food deals accounted for 83.9% of the overall value during April 2021.

The combined value of the top five food deals stood at $1.07bn, against the overall value of $1.3bn recorded for the month.

The top five food industry deals of April 2021 tracked by GlobalData were:

1) Olam Food Ingredients’ $950m acquisition of Olde Thompson

2) The $40m venture financing deal with Atlast Food by 40 North Ventures, Alpha Impact Investment Management Partners, Applegate Ventures, FootPrint Coalition, Senator Investment Group, Stonyfield Farm, Stray Dog Capital, Viking Global Investors and Whole Foods Market

3) Big Idea Ventures, Louis DreyfusB.V. and Unovis Asset Management’s $26.35m venture financing of SeaCo Foods International

4) The $25m venture financing of Hungry Planet by Post Holdings and TRIREC Pte.

5) Better Ventures, Blue Ledge Capital, Cantos Ventures , Enfini Ventures, Global Founders Capital, Green Monday Ventures, Gullspang Re:Food, Humboldt Fund, Joyance Partners, Lever VC and Point Nine Capital’s venture financing of Mission Barns for $24m.