Total food industry deals worth $444.2m were announced globally for January 2022, with the $135m venture financing of Redefine Meat being the sector’s biggest investment, according to GlobalData’s deals database.

 

 
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The value marked a decrease of 90.5% over the previous month of $4.68bn and a drop of 86.8% when compared with the last 12-month average of $3.37bn.

In terms of number of deals, the sector saw a drop of 15.38% with 77 deals in January 2022 when compared to the last 12-month average of 91 deals.

In value terms, Asia-Pacific led the activity with deals worth $225.29m in January 2022.

food industry deals in January 2022: Top deals

The top five deals accounted for 74.4% of the overall value during January 2022.

The combined value of the top five deals stood at $330.3m, against the overall value of $444.2m recorded for the month.

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

1) Hanaco Ventures Capital and Synthesis Capital $135m venture financing deal with Redefine Meat

2) The $83m acquisition of Tasty9 by Fresh Easy

3) NewQuest Capital Partners and Premji Invest $68.14m venture financing deal with iD Fresh Food (India)Ltd.

4) The $28.43m venture financing of La Vie Foods by Bleu Capital,CapAgro Innovation,Entrepreneur First,Natalie Portman,Oyster Bay,ParTech (France) and Seventure Partners

5) Shanghai Linqi,Yisan Capital and Zhengxingu Capital $15.73m venture financing deal with Pei Jie