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April 16, 2020

Investcorp’s Asian food brands investment platform closes

Investment group Investcorp has issued an update on its private equity platform investing in Asian food brands.

By Leonie Barrie

Investment group Investcorp and Chinese conglomerate China Resources have closed a private-equity platform investing in Asian food brands at US$275m, it has announced.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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Investcorp and China Resources, one of the largest owners and distributors of food brands in Greater China, set up the platform with Fung Strategic Holdings, a part of Fung Investments.

The investment platform focuses on “capturing the potential growth and market opportunities in Asia’s highly fragmented food sector”.

Its aim is to invest in the branded condiments, packaged foods and healthy snacks sectors. 

Mohammed Alardhi, executive chairman of Bahrain-headquartered Investcorp, said: “We are encouraged by the growth factors that we see in the food brand sector in Asia, which we believe offers attractive and defensive qualities in the current environment with consumers increasingly seeking access to trusted quality food products.”

Hazem Ben-Gacem, chairman of the vehicle’s investment committee, said: “We believe there is strong market demand for defensive, resilient and growing investment opportunities in the current landscape.”

Investcorp’s present investments in the food sector include Fortune Fish & Gourmet, a US speciality distributor of seafood and gourmet food products and Namet, a Turkish producer of fresh cut and processed red meat products. 

China Resources’ CR Ng Fung arm works across rice, meat, frozen foods and imported foods categories. Its best-known brand names include Ng Fung and Lian He Kang Kang.

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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