Europe’s food industry saw a drop of 16% in deal activity during April 2022, when compared with the last 12-month average, led by Advent International’s $1.1bn acquisition of Irca, according to GlobalData’s deals database.
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A total of 21 food industry deals worth $1.2bn were announced for the region in April 2022, against the 12-month average of 25 deals.
Of all the deal types, M&A saw most activity in April 2022 with 12 transactions, representing a 57.1% share for the region.
In second place was venture financing with five deals, followed by private equity deals with four transactions, respectively capturing a 23.8% and 19.05% share of the overall deal activity for the month.
In terms of value of deals, private equity was the leading category in Europe’s food industry with $1.1bn, while venture financing and M&A deals totalled $37.48m and $22.13m, respectively.
Europe food industry deals in April 2022: Top deals
The top five food deals accounted for 100% of the overall value during April 2022.
The combined value of the top five food deals stood at $1.16bn, against the overall value of $1.2bn recorded for the month.
The top five food industry deals of April 2022 tracked by GlobalData were:
1) Advent International $1.1bn private equity deal with Irca
2) The $29.01m venture financing of Umiami by Astanor Ventures,French Partners,French Tech Seed,Newfund Capital,Redalpine Venture Partners and Verso Capital
3) Humble Group $22.13m acquisition deal with Go Superfoods
4) The $8m venture financing of Planetary by Blue Horizon Corporation,Nucleus Capital and XAnge Capital
5) Guinness Asset Management $1.43m private equity deal with The White Rabbit Pizza
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.