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  1. Deals Analysis
September 29, 2022

Consumer industry cross-border M&A deals total $2.2bn globally in August 2022

By Carmen

Total consumer industry cross-border M&A deals worth $2.2bn were announced globally in August 2022, led by Cooke’s $1.01bn acquisition of Tassal Group, according to GlobalData’s deals database.

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The value marked an increase of 105.7% over the previous month of $1.05bn and a drop of 63.1% when compared with the last 12-month average, which stood at $5.86bn.

Comparing cross-border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $1.1bn. At the country level, Australia topped the list in terms of deal value at $1.01bn.

In terms of volumes, Europe emerged as the top region for consumer industry cross-border M&A deals globally, followed by Asia-Pacific and then North America.

The top country in terms of cross-border M&A deals activity in August 2022 was the UK with five deals, followed by the US with four and China with three.

In 2022, as of August, consumer cross-border M&A deals worth $30.03bn were announced globally, marking an increase of 13.5% year on year.

Consumer industry cross-border M&A deals in August 2022: Top deals

The top five cross-border M&A deals accounted for 98.8% of the overall value during August 2022.

The combined value of the top five consumer cross-border M&A deals stood at $2.13bn, against the overall value of $2.2bn recorded for the month.

The top five consumer industry cross-border M&A deals of August 2022 tracked by GlobalData were:

1) Cooke’s $1.01bn acquisition deal with Tassal Group

2) The $944.32m acquisition of a 75% stake in SuperSport by Entain

3) IOI Corp’s $104.51m acquisition deal with Bunge Loders Croklaan Group

4) The $45.85m acquisition of ESM Effervescent Sodas Management by CC Beverages Holdings II and Coca-Cola HBC

5) Descent’s $26.27m acquisition deal with Le Coq Sportif (Ningbo)

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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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