Total consumer industry cross border deals worth $660.2m were announced globally for July 2022, with the $320m acquisition of knix wear being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 83.9% over the previous month of $4.11bn and a drop of 93.8% when compared with the last 12-month average of $10.68bn.
In terms of number of cross border deals, the sector saw a drop of 61.76% with 39 deals in July 2022 when compared to the last 12-month average of 102 deals.
In value terms, North America led the activity with cross border deals worth $508.5m in July 2022.
Consumer industry cross border deals in July 2022: Top deals
The top five cross border deals accounted for 92.2% of the overall value during July 2022.
The combined value of the top five cross border deals stood at $608.5m, against the overall value of $660.2m recorded for the month.
The top five consumer industry cross border deals of July 2022 tracked by GlobalData were:
1) Essity’s $320m acquisition deal for 80% stake in knix wear
2) The $150m venture financing of Emergy Food by Canada Pension Plan Investment Board, Cultivate Next, Grosvenor Food & AgTech, Revolution Growth and Wellington ManagementLLP
3) Morinaga Milk Industry’s $56m acquisition deal with NutriCo Morinaga (Private)
4) The $52.5m acquisition of The Spice Tailor by Premier Foods
5) LLC, 8090 Partners, Alante Capital, Breakthrough Energy Ventures, Card Sound Capital, Circulate Capital, Envisioning Partners, Inditex, Lansdowne Partners, Marubeni and Milliken’s $30m venture financing deal with Circ