Led by $241.25m acquisition of 20% stake in Inner Mongolia Mengniu Dairy (Group), Asia-Pacific’s food industry saw a drop of 17.28% in deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 73 deals worth $668m were announced for the region during Q2 2022, against the last four-quarter average of 88.25 deals.
Of all the deal types, venture financing saw most activity in Q2 2022 with 44 deals, representing a 60.3% share for the region.
In second place was M&A with 26 deals, followed by private equity deals with three transactions, respectively capturing a 35.6% and 4.1% share of the overall deal activity for the quarter.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s food industry with $469.35m, while venture financing and private equity deals totalled $137.93m and $60.75m, respectively.
Asia-Pacific food industry deals in Q2 2022: Top deals
The top five food deals accounted for a 76.03% share of the overall value during Q2 2022.
The combined value of the top five deals stood at $507.91m, against the overall value of $668m recorded for the quarter.
1) China Mengniu Dairy $241.25m acquisition deal for 20% stake in Inner Mongolia Mengniu Dairy (Group)
2) The $111.03m acquisition of 72.3% stake in Cocoaland Holdings by Fraser & Neave Holdings
3) Hahn & $60.75m private equity deal for 95% stake in MyChef
4) The $51.89m acquisition of Savi Jana Sea Foods by Adani Ports and Special Economic Zone
5) Elevation Capital (India),IIFL Asset Management,Matrix Partners,Orios Ventures Partners,SWC Global,Temasek Holdings (Private),Trifecta Capital Advisors and Venturi Partners $43m venture financing deal with Beejapuri Dairy
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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.
