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  1. Deals Analysis
April 28, 2022

Asia-Pacific’s food industry sees a flat growth in deal activity during March 2022

By Carmen

Asia-Pacific’s food industry saw a flat growth in deal activity during March 2022, when compared with the last 12-month average, led by Aman Gupta, Amansa Capital, Axis Growth Avenues AIF- I, Haresh Chawla, Kotak Private Equity Group, Nikhil Kamath and Nithin Kamath’s $150m venture financing deal with Delightful Gourmet, according to GlobalData’s deals database.

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A total of 29 food industry deals worth $257.4m were announced for the region in March 2022, against the 12-month average of 29 deals.

Of all the deal types, venture financing saw most activity in March 2022 with 21 transactions, representing a 72.4% share for the region.

In second place was M&A with eight deals capturing a 27.6% 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 $176.06m, followed by M&A deals totalled $81.29m.

Asia-Pacific food industry deals in March 2022: Top deals

The top five food deals accounted for 97% of the overall value during March 2022.

The combined value of the top five food deals stood at $249.53m, against the overall value of $257.4m recorded for the month.

The top five food industry deals of March 2022 tracked by GlobalData were:

1) Aman Gupta,Amansa Capital,Axis Growth Avenues AIF- I,Haresh Chawla,Kotak Private Equity Group,Nikhil Kamath and Nithin Kamath $150m venture financing deal with Delightful Gourmet

2) The $74.7m acquisition of 99.57% stake in The Chorocmaeul by Jeongyookgak

3) Shenxiong Capital and Xianfeng Changqing $15.74m venture financing deal with NiuLimited

4) The $6.59m acquisition of Srikrishna Milks by Dodla Dairy

5) CSIRO Financial Services and Horizons Ventures $2.5m venture financing deal with Me& (Australia)

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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.

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