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  1. Deals Analysis
October 27, 2022

Asia-Pacific’s consumer industry saw a drop of 25.81% in cross border deal activity during September 2022

By Carmen

Asia-Pacific’s consumer industry saw a drop of 25.81% in cross border deal activity during September 2022, when compared with the last 12-month average, led by PAG Asia Capital’s $472m private equity deal for stake in Patties Foods and Vesco Foods, according to GlobalData’s deals database.

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A total of 23 consumer industry cross border deals worth $922.5m were announced for the region in September 2022, against the 12-month average of 31 deals.

Of all the deal types, venture financing saw most activity in September 2022 with 11 transactions, representing a 47.8% share for the region.

In second place was M&A with ten deals, followed by private equity deals with two transactions, respectively capturing a 43.5% and 8.7% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, private equity was the leading category in Asia-Pacific’s consumer industry with $512m, while venture financing and M&A deals totalled $338.49m and $71.95m, respectively.

Asia-Pacific consumer industry cross border deals in September 2022: Top deals

The top five consumer cross border deals accounted for 94.4% of the overall value during September 2022.

The combined value of the top five consumer cross border deals stood at $871.03m, against the overall value of $922.5m recorded for the month.

The top five consumer industry cross border deals of September 2022 tracked by GlobalData were:

1) PAG Asia Capital’s $472m private equity deal with Patties Foods and Vesco Foods

2) The $300m venture financing of PT Traveloka Indonesia by Allianz Global Investors, BlackRock Capital Investment, Indonesia Investment Authority and Orion Capital Asia

3) Affirma Capital’s $40m private equity deal with Epack Durable

4) The $39.03m acquisition of Asian Alcohol by Victorias MillingInc

5) Hera Capital, ING Sustainable Investments, Mandala Capital, Openspace Ventures, PTT Public, Seeds Capital and Sumitomo’s $20m venture financing deal with Nutrition Technologies

Related Companies

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.

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