Deals
Deal activity by volume related to ESG increased by 73% year-on-year in 2023 in the food industry
Credit: Bert van Dijk/Getty images.
Powered by
Analysis of the key themes driving deal activity reveals that ESG accounted for 148 food deals between 2019 and 2023, worth a total value of $6,766m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $1.5bn equity offering by Adani Enterprises was the largest disclosed deal in 2023, while the $167m partnership between Suria Capital and Vandelay Ventures was the largest disclosed deal in 2022.
In volume terms, ESG related deal activity increased by 73% year-on-year in 2023 and by 117% year-on-year in 2022.
Deal activity related to ESG in the global food industry in the last five years
Top deals related to ESG in the food industry in the last five years
Deal volume by deal type for ESG related deals in the food industry in the last five years
Acquisition accounted for the highest number of deals in the last five years, with 50 deals, followed by Venture financing (41 deals), and Asset transaction, Equity offering, and Partnership, with 14 deals each.
Top financial advisors for ESG related deals by value in the food industry in the last five years
The top financial advisors supporting deals related to ESG in the food industry in the last five years in terms of value were Centerview Partners, JPMorgan Chase, UBS Investment Bank, Lazard, and UBS Group.
Top legal advisors for ESG related deals by value in the food industry in the last five years
The top legal advisors supporting deals related to ESG in the food industry in the last five years in terms of value were Bowman Gilfillan, Freshfields Bruckhaus Deringer, Webber Wentzel, Clayton UTZ, and Herbert Smith Freehills.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
