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  1. Deals Analysis
October 10, 2022

China’s food sees a drop of 29.93% in deal activity in Q2 2022

By Carmen

Led by China Mengniu Dairy’s $241.25m acquisition of 20% stake Inner Mongolia Mengniu Dairy (Group), China’s food industry saw a drop of 29.93% in overall deal activity during Q2 2022, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 24 deals worth $275.1m were announced in Q2 2022, compared with the last four-quarter average of 34.25 deals.

venture financing was the leading category in the quarter with 21 deals which accounted for 87.5% of all deals.

In second place was M&A with three deals accounting for 12.5% of overall deal activity in the China’s food industry during the quarter.

In terms of value of deals, M&A was the leading deal category in China’s food industry with total deals worth $243.89m, followed by venture financing and deals totalled $31.23m.

China food industry deals in Q2 2022: Top deals

The top five food industry deals accounted for 98% of the overall value during Q2 2022.

The combined value of the top five food deals stood at $269.52m, against the overall value of $275.1m recorded for the quarter.

The top five food industry deals of Q2 2022 tracked by GlobalData were:

1) China Mengniu Dairy $241.25m acquisition deal for 20% stake in Inner Mongolia Mengniu Dairy (Group)

2) The $11.53m venture financing of Nanjing no boundaries Restaurant Management by JIAYU Capital

3) Joyvio and SK Group $10.6m venture financing deal with Shanghai Shiwei Biotechnology

4) The $3.5m venture financing of Hao foods by Big Idea Ventures,Henry Soesanto and Rich Products Ventures

5) Gaomi Gengsheng FoodLimited $2.64m acquisition deal for 70% stake in Shandong Kaijia International Trading

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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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