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  1. Deals Analysis
November 25, 2022

Consumer industry cross border deals total $4.5bn globally in October 2022

By Carmen

Total consumer industry cross border deals worth $4.5bn were announced globally for October 2022, with the China Resources Beer (Holdings)’s $1.55bn acquisition deal for 50% stake in Guizhou Jinsha Ancient Wine Wine Industry being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 1.1% over the previous month of $4.56bn and a drop of 55.7% when compared with the last 12-month average of $10.17bn.

In terms of number of cross border deals, the sector saw a drop of 42.86% with 76 deals in October 2022 when compared to the last 12-month average of 133 deals.

In value terms, Asia-Pacific led the activity with cross border deals worth $1.67bn in October 2022.

Consumer industry cross border deals in October 2022: Top deals

The top five cross border deals accounted for 84.2% of the overall value during October 2022.

The combined value of the top five cross border deals stood at $3.79bn, against the overall value of $4.5bn recorded for the month.

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

1) China Resources Beer (Holdings)’s $1.55bn acquisition deal for 50% stake in Guizhou Jinsha Ancient Wine Wine Industry

2) The $1.2bn acquisition of Gelnex Industria e Comercio by Darling Ingredients

3) Lamb Weston Holdings’s $686.16m acquisition deal for 50% stake in Lamb Weston Meijer VOF

4) The $200m acquisition of 84% stake in Denali Ingredients by Orkla Food Ingredients

5) Andreessen Horowitz and Premji Invest’s $154m venture financing deal with TripActions

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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