Food industry deals worth $445m were announced globally in July 2022, with the $200m venture financing of FreshRealm being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 88.9% over the previous month of $4.02bn and a drop of 84.05% when compared with the last 12-month average of $2.79bn.
In terms of the number of deals, the sector saw a drop of 69.66% with 27 deals in July 2022 when compared to the last 12-month average of 89 deals.
In value terms, North America led the activity with deals worth $361.43m in July 2022.
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By GlobalDataFood industry deals in July 2022: Top transactions
The top five deals accounted for 94.9% of the overall value during July 2022.
The combined value of the top five deals stood at $422.5m, against the overall value of $445m recorded for the month.
The top five food industry deals of July 2022 tracked by GlobalData were:
1) Cornerstone Institutional Investors’ $200m venture financing deal with FreshRealm
2) The $150m venture financing of Emergy Food by Canada Pension Plan Investment Board, Cultivate Next, Grosvenor Food & AgTech, Revolution Growth and Wellington Management LLP
3) Premier Foods’ $52.5m acquisition of The Spice Tailor
4) The $14.92m venture financing of Xiamen Chenji Le Yaoju Food by Liangrun Fund Investments
5) Tenmaya Store’s $5.08m acquisition deal with Miyoshino Honten
