Total food service deals in Q4 2018 worth $10.84bn were announced, according to GlobalData’s deals database.

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The value marked an increase of 36.3% over the previous quarter and a rise of 85.8% when compared with the last four-quarter average of $5.84bn.

In terms of number of deals, the sector saw a rise of 54.4% over the last four-quarter average with 105 deals against the average of 68 deals.

In value terms, North America led the activity with deals worth $5.73bn.

The top announced deal, as tracked by GlobalData, in Q4 2018 was LVMH Moet Hennessy Louis Vuitton‘s $3.2bn acquisition of Belmond.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals.

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.