Asia-Pacific’s food industry saw a drop of 13.33% in deal activity during April 2022, when compared with the last 12-month average, led by Hahn &’s $60.75m private equity deal for 95% stake in MyChef, according to GlobalData’s deals database.
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A total of 26 food industry deals worth $186.6m were announced for the region in April 2022, against the 12-month average of 30 deals.
Of all the deal types, M&A saw most activity in April 2022 with 12 transactions, representing a 46.2% share for the region.
In second place was venture financing with 12 deals, followed by private equity deals with two transactions, respectively capturing a 46.2% and 7.7% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s food industry with $99.9m, while private equity and venture financing deals totalled $60.75m and $25.99m, respectively.
Asia-Pacific food industry deals in April 2022: Top deals
The top five food deals accounted for 91.2% of the overall value during April 2022.
The combined value of the top five food deals stood at $170.27m, against the overall value of $186.6m recorded for the month.
The top five food industry deals of April 2022 tracked by GlobalData were:
1) Hahn & $60.75m private equity deal for 95% stake in MyChef
2) The $51.89m acquisition of Savi Jana Sea Foods by Adani Ports and Special Economic Zone
3) S Food $38m acquisition deal with Rosen Cheese & Food
4) The $11.53m venture financing of Nanjing no boundaries Restaurant Management by JIAYU Capital
5) BNK Venture Capital,Nau Ib Capital,Ryukyung PSG Asset Management and Strong Ventures $8.1m venture financing deal with Cellmeat
