Total food service M&A deals in Q4 2018 worth $7.05bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 4.1% over the previous quarter and a rise of 59% when compared with the last four-quarter average, which stood at $4.43bn.
Comparing deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $3.38bn. At the country level, the United States topped the list in terms of deal value at $3.36bn.
In terms of volumes, North America emerged as the top region for food service M&A deals globally, followed by Europe and then Asia-Pacific.
The top country in terms of M&A deals activity in Q4 2018 was the United States with 21 deals, followed by Canada with seven and the United Kingdom with six.
In 2018, as of the end of Q4, food service M&As worth $17.78bn were announced globally, marking a decrease of 1.4% year on year.
Food service M&A deals in Q4 2018: Top deals
The top five food service M&A deals accounted for 54.7% of the overall value during Q4 2018.
The combined value of the top five food service M&A deals stood at $3.85bn, against the overall value of $7.05bn recorded for the quarter.
The top announced food service M&A deal tracked by GlobalData in Q4 2018 was LVMH Moet Hennessy Louis Vuitton’s $3.2bn acquisition of Belmond.
In second place was Black Ridge Acquisition’s acquisition of Allied Esports International and WPT Enterprises for $213.8m and in third place was Orkla’s $166.37m acquisition of Kotipizza Group.
Abanzai Representacoes’ $158.99m acquisition of INTERNATIONAL MEALALIMENTACAO and Joy Ascend’s acquisition of Pacific Prestige Holdings for $111.2m held fourth and fifth positions, respectively.
This analysis considers only announced and completed 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.
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.