March 17, 2021
Total food industry deals worth $4.21bn were announced globally for February 2021, with the $3.35bn asset transaction with Kraft Heinz being the sector’s biggest investment, according to s deals database.
The value marked an increase of 214.2% over the previous month of $1.34bn and a rise of 52.5% when compared with the last 12-month average of $2.76bn. In terms of the number of deals, the sector saw a drop of 16.88% with 64 deals in February 2021 when compared to the last 12-month average of 77 deals.
In value terms, North America led the activity with deals worth $3.39bn in February 2021.
Food industry deals in February 2021: Top deals
The top five deals accounted for 97.4% of the overall value during February 2021.
The combined value of the top five deals stood at $4.1bn, against the overall value of $4.21bn recorded for the month.
The top five food industry deals of February 2021 tracked by GlobalData were:
1) Hormel Foods’ $3.35bn asset transaction with Kraft Heinz
2) The $670.1m acquisition of Biosev by Raizen Energia
3) Jubilant Foodworks Netherlands’ $33.64m acquisition of Fides Food Systems Cooperatief U.A.
4) The $26.75m venture financing deal of Future Meat Technologies by ADM Capital, Archer Daniels Midland, Bits x Bites, Emerald Technology Ventures, Manta Ray Ventures, Rich Products, S2G Ventures, Tyson Foods and Unternehmensgruppe Theo Muller S.e.c.s.
5) Tata Consumer Products’ acquisition deal with Kottaram Agro FoodsLtd. for $21.28m