46 acquisitions over $1 billion in 2021
Of the record 1,116 food and drink transactions registered on the Zenith Global mergers and acquisitions database for 2021, 46 involved sums of $1,000 million or more. This is more than twice the number reported in 2020 and 13 higher than the previous peak of 33 in 2017.
GLOBAL FOOD AND DRINK ACQUISITIONS OVER $1 BILLION 2016-21
Source: Zenith Global
TOP 10 GLOBAL FOOD AND DRINK TRANSACTIONS 2021
Source: Zenith Global
The $71 billion combined value of the top 10 was ahead of the $60 billion top 10 of 2020 and close to the $72 billion top 10 of 2019, but less than 20% of the $365 billion top 10 of 2015.
The 46 over $1 billion totalled $135 billion, compared with $79 billion for the 19 over $1 billion in 2021, $90 billion for the 24 over $1 billion in 2019 and $403 billion for the 27 over $1 billion in 2015.
Notably, 3 of the 2021 top 5 were IPOs, with Deliveroo and Oatly both achieving valuations of $10 billion or more.
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