Asia-Pacific’s consumer industry saw a drop of 22.22% in cross border deal activity during August 2022, when compared with the last 12-month average, led by Cooke’s $1.01bn acquisition of Tassal Group, according to GlobalData’s deals database.
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A total of 21 consumer industry cross border deals worth $1.2bn were announced for the region in August 2022, against the 12-month average of 27 deals.
Of all the deal types, venture financing saw most activity in August 2022 with 11 transactions, representing a 52.4% share for the region.
In second place was M&A with eight deals, followed by private equity deals with two transactions, respectively capturing a 38.1% and 9.5% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s consumer industry with $1.04bn, followed by venture financing deals totalled $156.7m.
Asia-Pacific consumer industry cross border deals in August 2022: Top deals
The top five consumer cross border deals accounted for 97.5% of the overall value during August 2022.
The combined value of the top five consumer cross border deals stood at $1.16bn, against the overall value of $1.2bn recorded for the month.
The top five consumer industry cross border deals of August 2022 tracked by GlobalData were:
1) Cooke’s $1.01bn acquisition deal with Tassal Group
2) The $65.5m venture financing of Oatside by GGV Capital and Temasek Holdings (Private)
3) GIC’s $50m venture financing deal with Hector Beverages
4) The $26.27m acquisition of Le Coq Sportif (Ningbo) by Descent
5) DSG Consumer Partners, Sauce.vc, Singularity Growth Opportunities Fund and Trifecta Capital Advisors’s $11m venture financing deal with XYXX ApparelsLtd
Verdict deals analysis methodology
This analysis considers only announced and completed cross border 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. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
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.