Total Food industry cross border M&A deals worth $1.6bn were announced globally in Q2 2022, led by Mondelez International’s $1.3bn acquisition of S.A. de and Ricolino, according to GlobalData’s deals database.
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The value marked an increase of 291.8% over the previous quarter of $400.67m and a drop of 33.8% when compared with the last four-quarter average, which stood at $2.37bn.
Comparing cross border M&A deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $1.3bn. At the country level, the Mexico topped the list in terms of deal value at $1.3bn.
In terms of volumes, Europe emerged as the top region for Food industry cross border M&A deals globally, followed by Asia-Pacific and then North America.
The top country in terms of cross border M&A deals activity in Q2 2022 was the UK with five deals, followed by Germany with four and Ireland with three.
In 2022, at the end of , cross border M&A deals worth $1.97bn were announced globally in Food industry, marking a decrease of 69% year on year.
Cross Border M&A deals in Food industry in Q2 2022: Top deals
The top three cross border M&A deals in Food industry accounted for 97.5% of the overall value during Q2 2022.
The combined value of the top three deals stood at $1.56bn, against the overall value of $1.6bn recorded for the quarter.
The top three Food industry cross border Food deals of Q2 2022 tracked by GlobalData were:
1) Mondelez International $1.3bn acquisition deal with S.A. de and Ricolino
2) The $241.25m acquisition of 20% stake in Inner Mongolia Mengniu Dairy (Group) by China Mengniu Dairy
3) Humble Group $22.13m acquisition deal with Go Superfoods
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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.