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  1. Deals Analysis
March 30, 2022updated 05 May 2022 1:52pm

Food industry deals totalled $836.4m globally in February 2022

By Carmen

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.

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.

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Verdict deals analysis methodology

This analysis considers only announced and completed 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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