Total food industry deals worth $836.4m were announced globally for February 2022, with the $228.25m acquisition of Shinsegae Food being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 46.7% over the previous month of $1.57bn and a drop of 75.3% when compared with the last 12-month average of $3.38bn.

In terms of number of deals, the sector saw a drop of 23.91% with 70 deals in February 2022 when compared to the last 12-month average of 92 deals.

In value terms, North America led the activity with deals worth $609.66m in February 2022.

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food industry deals in February 2022: Top deals

The top five deals accounted for 71.1% of the overall value during February 2022.

The combined value of the top five deals stood at $594.83m, against the overall value of $836.4m recorded for the month.

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

1) Emart America $228.25m acquisition deal with SHINSEGAE FOOD

2) The $100m acquisition of 4505 Meats by Benestar Brands

3) Alpha JWC Ventures,Bits x Bites,EDBI,GGV Capital,K3 Ventures,MPL Ventures and Temasek Investments $100m venture financing deal with Next Gen Foods

4) The $100m venture financing of Wildtype by Bezos Expeditions,Cargill Ventures,Charles River Ventures,Footprint Coalition Ventures,L Catterton,Leonardo DiCaprio,S2G Ventures,Spark Capital and Temasek Investments

5) Western BakeriesLtd. $66.58m acquisition of 25% stake in Modern Food IndustriesLtd.