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  1. Deals Analysis
August 4, 2022

Food industry cross border deals total $3.7bn globally in Q2 2022

By Carmen

Mondelez International’s $1.3bn acquisition deal with S.A. de and Ricolino was the Food industry’s biggest cross border deal of Q2 2022 as cross border deals worth $3.7bn were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked an increase of 337.8% over the previous quarter and a drop of 18.3% when compared with the last four-quarter average of $4.48bn.

In terms of number of cross border deals, the sector saw a drop of 12.99% with 67 deals in Q2 2022 against the average of 77.00 deals in the last four-quarters.

In value terms, Europe led the activity with cross border deals worth $1.82bn.

Food industry cross border deals in Q2 2022: Top deals

The top five Food industry cross border deals accounted for 89.9% of the overall value during Q2 2022.

The combined value of the top five cross border deals stood at $3.29bn, against the overall value of $3.7bn recorded for the quarter.

The top five Food industry cross border deals of Q2 2022 tracked by GlobalData were:

1) Mondelez International $1.3bn acquisition deal with S.A. de and Ricolino

2) The $1.1bn private equity of Irca by Advent International

3) Abu Dhabi Growth Fund (ADG),Baillie Gifford UK Growth Trust,Bill Gates,Cargill,Cercano Management,Christiana Musk,CPT Capital,Givaudan,IndieBio,John Doerr,Kimbal Musk,Norwest Venture Partners,SALT Fund,SoftBank Vision Fund 2,Synthesis Capital,Temasek Holdings (Private) and Tyson Foods $400m venture financing deal with Upside Foods

4) The $250m venture financing of Redefine Meat by Hanaco Ventures Capital and Synthesis Capital

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

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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