Total food industry deals for April 2020 worth $605.1m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 24.1% over the previous month and a drop of 76.4% when compared with the last 12-month average of $2.57bn.

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.

In value terms, Asia-Pacific led the activity with deals worth $526.26m.

Food industry deals in April 2020: Top deals

The top five food deals accounted for 87.8% of the overall value during April 2020.

The combined value of the top five food deals stood at $531.25m, against the overall value of $605.1m recorded for the month.

The top five food industry deals of April 2020 tracked by GlobalData were:

• Meiji’s $254.4m acquisition of AustAsia Investment Holdings
• The $225.62m acquisition of Jiangxi Zhengbang Technology by Shenzhen Xingxing Technology
• Capital Today and CICC Capital ManagementLimited’s $28.23m venture financing of A1Food
• The $15m venture financing of Innovopro by CPT Capital, Custos Privatstiftung, Jerusalem Venture Partners and Wolfgang Leitner
• 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 $8m.