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
