North America’s food industry saw a rise of 7.69% in deal activity during January 2021

North America’s food industry saw a rise of 7.69% in deal activity during January 2021, when compared with the last 12-month average, led by Agronomics, Alpha Impact Investment Management Partners, Clear Current Capital, CPT Capital, Flat World Partners, KBW Ventures, Lewis & Clark Partners, Losa Group, Mcwine, OurCrowd, Radicle Growth, Rage Capital, Rich Products, Siddhi Capital, Silicon Valley Community Foundation, Stray Dog Capital and Thai Union Corporate Venture Fund’s $60m acquisition of BlueNalu, according to GlobalData’s deals database.

 

A total of 28 food industry deals worth $214.08m were announced for the region in January 2021, against the 12-month average of 26 deals.

Of all the deal types, venture financing saw most activity in January 2021 with 14 transactions, representing a 50% share for the region.

In second place was M&A with 11 deals, followed by private equity deals with three transactions, respectively capturing a 39.3% and 10.7% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in North America’s food industry with $156.43m, followed by M&A deals totalled $57.65m.

North America food industry deals in January 2021: Top deals

The top five food deals accounted for 76.9% of the overall value during January 2021.

The combined value of the top five food deals stood at $164.55m, against the overall value of $214.08m recorded for the month.

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

1) Agronomics, Alpha Impact Investment Management Partners, Clear Current Capital, CPT Capital, Flat World Partners, KBW Ventures, Lewis & Clark Partners, Losa Group, Mcwine, OurCrowd, Radicle Growth, Rage Capital, Rich Products, Siddhi Capital, Silicon Valley Community Foundation, Stray Dog Capital and Thai Union Corporate Venture Fund’s $60m venture financing of BlueNalu

2) The $50m venture financing deal with Green Park Snacks by The Craftory

3) Utz Quality Foods’ $25m asset transaction with Snak King

4) The $19.55m acquisition of LYF Food Technologies by The Valens

5) Javier Valez-Bautista, Kenneth Harris and SternAegis Ventures’ venture financing of Outstanding Foods for $10m.