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  1. Deals Analysis
August 4, 2022

Europe’s food industry saw a drop of 5.88% in cross border deal activity in Q2 2022

By Carmen

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

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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