Asia-Pacific’s food industry saw a drop of 13.79% in deal activity during February 2022, when compared with the last 12-month average, led by Alpha JWC Ventures, Bits x Bites, EDBI, GGV Capital, K3 Ventures, MPL Ventures and Temasek Investments’ $100m venture financing deal with Next Gen Foods, according to GlobalData’s deals database.
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A total of 25 food industry deals worth $142.7m were announced for the region in February 2022, against the 12-month average of 29 deals.
Of all the deal types, venture financing saw most activity in February 2022 with 17 transactions, representing a 68% share for the region.
In second place was M&A with five deals, followed by private equity deals with three transactions, respectively capturing a 20% and 12% share of the overall deal activity for the month.
In terms of value of deals, venture financing was the leading category in Asia-Pacific’s food industry with $140.71m, followed by M&A deals totalled $1.97m.
Asia-Pacific food industry deals in February 2022: Top deals
The top five food deals accounted for 94.7% of the overall value during February 2022.
The combined value of the top five food deals stood at $135.18m, against the overall value of $142.7m recorded for the month.
The top five food industry deals of February 2022 tracked by GlobalData were:
1) Alpha JWC Ventures,Bits x Bites,EDBI,GGV Capital,K3 Ventures,MPL Ventures and Temasek Investments $100m venture financing deal with Next Gen Foods
2) The $26.01m venture financing of DAIZ by Global Brain,Investment Lab,Marui Group,Mitsubishi Chemical,Nisshin Foods Holdings,Sumitomo Mitsui Marine Capital,T Hasegawa,The Monogatari and Toyo Seikan Group Holdings
3) Fanhua $5.53m venture financing deal with Degishi Catering
4) The $1.97m acquisition of 24% stake in Guangdong Dishengli Green Food by Guangdong Dcenti Auto Parts
5) CJ CheilJedang,Partech Ventures and Strong Ventures $1.66m venture financing deal with Econique