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  1. Deals Analysis
October 31, 2022

Food industry deals total $905.5m globally in September 2022

By Carmen

Total food industry deals worth $905.5m were announced globally for September 2022, with the PAG Asia Capital’s $472m private equity deal with Patties Foods and Vesco Foods being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 64.8% over the previous month of $2.57bn and a drop of 60.3% when compared with the last 12-month average of $2.28bn.

In terms of number of deals, the sector saw a flat growth with 93 deals in September 2022 when compared to the last 12-month average of 93 deals.

In value terms, Asia-Pacific led the activity with deals worth $679.46m in September 2022.

Food industry deals in September 2022: Top deals

The top five deals accounted for 68.6% of the overall value during September 2022.

The combined value of the top five deals stood at $621.22m, against the overall value of $905.5m recorded for the month.

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

1) PAG Asia Capital’s $472m private equity deal with Patties Foods and Vesco Foods

2) The $71.7m venture financing of Planted Foods by ACE Ventures, Be8 Ventures Management, ETH Zurich Foundation, Gullspang Re:Food, Joyance Partners, L Catterton, Movendo Technology, Tengelmann Ventures, Vorwerk Ventures and Yann Sommer

3) Goddard Catering Group’s $40m acquisition deal with IMC Caribbean

4) The $20m venture financing deal with Wicked Kitchen by Ahimsa VC, NPRT and Woody Harrelson

5) China, Arla Foods and Arla Foods Ingredients’s $17.52m asset transaction deal with Xinou and Yashili Dairy (Manashan) Trading

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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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