Analysis of the key themes driving M&A activity reveals that digitalization accounted for 20 retail, wholesale & foodservice deals announced in Q1 2023, worth a total value of $103.8m. The $90.4m majority acquisition of Shanghai Greenland Hotel Management by Mingyu Business Travel was the industry’s largest disclosed deal. GlobalData’s Foodservices Industry Mergers And Acquisitions Deals By Top Themes In Q2 2023 report provides an overview of merger and acquisition activity globally and identifies the themes driving the most notable deals announced in Q2 2023 in the foodservices industry. Buy the report here.

In value terms, digitalization-related deal activity decreased by 99% in Q1 2023 compared with the previous quarter’s total of $9.3bn. Related deal volume decreased by 41% in Q1 2023 versus the previous quarter and was 122% higher than in Q1 2022.

The top-ranked legal advisors supporting these M&A deals in Q1 2023 were Hengeler Mueller Partnerschaft von Rechtsanwalten mbB; Jones Day; NautaDutilh with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Foodservices Industry Mergers And Acquisitions Deals By Top Themes In Q2 2023 – Thematic Intelligence, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.