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North America: Five largest Private Equity/Venture Financing deals by value in the Foodservice sector (LTM June 2022)

Industry: Foodservice
Current: Company Performance

A total of 144 Private Equity/Venture Financing deals (pending and completed) were announced in the Foodservice of the North America region, in the last twelve months resulting in a total deal value of over $4,966.0 million. In the LTM period, September 2021 turned out to be the most prolific in terms of deal size, with a total deal value of $2,431.1 million, resulting in an average deal value of $202.6 million during that month. On the other hand, the month of October 2021 was the most prolific in terms of deal volume, recording a total of 17 deals, resulting in an average deal value of $15.9 million during that month.
Of the 144 deals, the deal secured between Cascade Investment LLC and Four Seasons Hotels and Resorts, was the largest Private Equity/Venture Financing deal in the North America Foodservice sector, which was valued at $2,210.0 million and was completed on September 8, 2021. The second-largest deal was between Greyhound Capital Europe LLP; SoftBank Vision Fund 2 and Weee! Inc, while the third-largest deal was between Accel; Alpine Group; Amex Ventures; Bain Capital Ventures LLC; Forerunner Ventures Inc; General Catalyst Partners LLC; GV Management Co LLC; Harmony Partners; NEA; Watar Partners; YieldStreet Inc and Wonder Distribution LLC. The Greyhound Capital Europe LLP; SoftBank Vision Fund 2-Weee! Inc deal and the Accel; Alpine Group; Amex Ventures; Bain Capital Ventures LLC; Forerunner Ventures Inc; General Catalyst Partners LLC; GV Management Co LLC; Harmony Partners; NEA; Watar Partners; YieldStreet Inc-Wonder Distribution LLC deal were valued at $425.0 million and $350.0 million, respectively. The fourth-largest deal was between Andreessen Horowitz LLC; BAM Elevate; Brookfield Growth Partners; Elad Gil; Initialized Capital; Menlo Ventures; Seven Seven Six venture fund; TriplePoint Capital, LLC.-ENVOY Inc valued at $111.0 million, whereas the deal between Almanac Insights; Beliade; D1 Capital Partners; Fifth Wall Ventures LP; GIC Pte Ltd; ICONIQ Growth; Imaginary Ventures; Insight Partners; Invus LP; Lerer Hippeau Acquisition Corp; Monogram Capital Partners; Quadrille Capital SAS; Revolution Lighting Technologies Inc; SoftBank Vision Fund 2; Wittington Ventures-ezCater, Inc.; Foxtrot Ventures Inc valued at $100.0 million was the fifth-largest deal.
Cumulatively, the top five deals amounted to $3,196.0 million and accounted for nearly 64.36% of the total deals (by value) announced during the last twelve months. The North America region accounted for 9.31% of the total Private Equity/Venture Financing deals done globally, and accounted for 31.05% of the total deal size on a global scale.