Global food industry deals for April 2020 were worth USD605.1m, according to GlobalData’s deals database. This marks a decrease of 24.1% over the previous month and a drop of 76.4% when compared with the last 12-month average of USD2.57bn. In terms of number of deals, the sector saw a drop of 31.3% over the last 12-month average with 46 deals against the average of 67 deals. As far as value is concerned, Asia-Pacific led the activity with deals worth USD526.26m.
While the top five food deals accounted for 87.8% of the overall value during April 2020, their combined value stood at USD531.25m, against the overall value of USD605.1m recorded for the month.
The top five food industry deals of April 2020 tracked by GlobalData were Meiji’s USD254.4m acquisition of AustAsia Investment Holdings; the USD225.62m acquisition of Jiangxi Zhengbang Technology by Shenzhen Xingxing Technology; Capital Today and CICC Capital Management Limited’s USD28.23m venture financing of A1Food; the USD15m venture financing of Innovopro by CPT Capital, Custos Privatstiftung, Jerusalem Venture Partners and Wolfgang Leitner; and DSG Consumer Partners, Genesis Ventures, Insignia Ventures Partners, Koh Boon Hwee, Temasek International and Where two Get It’s venture financing of Growthwell Group for USD8m.