Led by the $1.1bn acquisition of food-ingredients group Irca by private-equity firm Advent International, Europe’s food industry saw a drop of 2.07% in deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 71 deals worth $1.7bn were announced for the region during Q2 2022, against the last four-quarter average of 72.50 deals.
Of all the deal types, M&A was most prominent in Q2 2022 with 34 deals, representing a 47.9% share for the region.
In second place, was venture financing with 27 deals, followed by private-equity deals with ten transactions, respectively capturing 38.03% and 14.1% of the overall deal activity for the quarter.
In terms of the value of deals, private equity was the leading category in Europe’s food industry with $1.12bn, while M&A and venture-financing deals totalled $461.91m and $146.72m respectively.
Europe food industry in Q2 2022: Top deals
The top five food deals accounted for a 69.9% share of the overall value during Q2 2022.
The combined value of the top five deals stood at $1.21bn, against the overall value of $1.7bn recorded for the quarter.
1) Advent International $1.1bn private-equity deal with Irca
2) The $36.59m venture-financing deal with plant-based meat firm HappyVore involving Adrien de Schompre, Bpifrance (France) and Invus Group
3) Astanor Ventures, French Partners, French Tech Seed, Newfund Capital, Redalpine Venture Partners and Verso Capital put $29.01m into Umiami
4) The $23.56m private-equity deal for a 37.4% Stake in Facundo Blanco by Corporacion Financiera Alba
5) Humble Group’s $22.13m acquisition of Go Superfoods
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.