Asia-Pacific’s food industry sees a flat growth in deal activity during March 2022

Asia-Pacific’s food industry saw a flat growth in deal activity during March 2022, when compared with the last 12-month average, led by Aman Gupta, Amansa Capital, Axis Growth Avenues AIF- I, Haresh Chawla, Kotak Private Equity Group, Nikhil Kamath and Nithin Kamath’s $150m venture financing deal with Delightful Gourmet, according to GlobalData’s deals database.

A total of 29 food industry deals worth $257.4m were announced for the region in March 2022, against the 12-month average of 29 deals.

Of all the deal types, venture financing saw most activity in March 2022 with 21 transactions, representing a 72.4% share for the region.

In second place was M&A with eight deals capturing a 27.6% share of the overall deal activity for the month.

In terms of value of deals, venture financing was the leading category in Asia-Pacific’s food industry with $176.06m, followed by M&A deals totalled $81.29m.

Asia-Pacific food industry deals in March 2022: Top deals

The top five food deals accounted for 97% of the overall value during March 2022.

The combined value of the top five food deals stood at $249.53m, against the overall value of $257.4m recorded for the month.

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

1) Aman Gupta,Amansa Capital,Axis Growth Avenues AIF- I,Haresh Chawla,Kotak Private Equity Group,Nikhil Kamath and Nithin Kamath $150m venture financing deal with Delightful Gourmet

2) The $74.7m acquisition of 99.57% stake in The Chorocmaeul by Jeongyookgak

3) Shenxiong Capital and Xianfeng Changqing $15.74m venture financing deal with NiuLimited

4) The $6.59m acquisition of Srikrishna Milks by Dodla Dairy

5) CSIRO Financial Services and Horizons Ventures $2.5m venture financing deal with Me& (Australia)

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