Asia-Pacific’s food industry saw a rise of 10% in deal activity during September 2022, when compared with the last 12-month average, led by PAG Asia Capital’s $472m private equity deal with Patties Foods and Vesco Foods, according to GlobalData’s deals database.
- Embed this chart
Embed this chart into your website
Copy and paste the image source into your website to display the chart.
A total of 33 food industry deals worth $679.5m were announced for the region in September 2022, against the 12-month average of 30 deals.
Of all the deal types, M&A saw most activity in September 2022 with 16 transactions, representing a 48.5% share for the region.
In second place was venture financing with 15 deals, followed by private equity deals with two transactions, respectively capturing a 45.5% and 6.1% share of the overall deal activity for the month.
In terms of value of deals, private equity was the leading category in Asia-Pacific’s food industry with $472.06m, while venture financing and M&A deals totalled $118.69m and $88.71m, respectively.
Asia-Pacific food industry deals in September 2022: Top deals
The top five food deals accounted for 78.9% of the overall value during September 2022.
The combined value of the top five food deals stood at $535.87m, against the overall value of $679.5m 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 $17.52m asset transaction deal with Xinou and Yashili Dairy (Manashan) Trading by China, Arla Foods and Arla Foods Ingredients
3) create restaurants holdings’s $16.46m acquisition deal with Saint-Germain
4) The $15m venture financing deal with Akshayakalpa Farms and FoodsLtd by British International Investment, Rainmatter Foundation and Venture Dairy
5) HLB Global’s $14.89m acquisition deal for 37% stake in Fresico
Related Companies
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.
