Led by $1.1bn private equity deal with Irca, Europe’s food industry saw a drop of 5.88% in cross border 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 28 cross border deals worth $1.2bn were announced for the region during Q2 2022, against the last four-quarter average of 29.75 deals.
Of all the deal types, M&A saw most activity in Q2 2022 with 18 deals, representing a 64.3% share for the region.
In second place was venture financing with seven deals, followed by private equity deals with three transactions, respectively capturing a 25% and 10.7% share of the overall cross border deal activity for the quarter.
In terms of value of cross border deals, private equity was the leading category in Europe’s food industry with $1.1bn, while venture financing and M&A deals totalled $97.4m and $29m, respectively.
Europe food industry cross border deals in Q2 2022: Top deals
The top five food cross border deals accounted for a 98% share of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $1.2bn, against the overall value of $1.2bn recorded for the quarter.
1) Advent International $1.1bn private equity deal with Irca
2) The $36.59m venture financing of HappyVore by Adrien de Schompre,Bpifrance (France) and Invus Group
3) Astanor Ventures,French Partners,French Tech Seed,Newfund Capital,Redalpine Venture Partners and Verso Capital $29.01m venture financing deal with Umiami
4) The $22.13m acquisition of Go Superfoods by Humble Group
5) Nicoya $13.7m venture financing deal with Foodiq