Total consumer industry cross border M&A deals worth $3.8bn were announced globally in October 2022, led by China Resources Beer (Holdings)’s $1.55bn acquisition of 50% stake in Guizhou Jinsha Ancient Wine Wine Industry, according to GlobalData’s deals database.
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The value marked an increase of 12% over the previous month of $3.42bn and a drop of 37.7% when compared with the last 12-month average, which stood at $6.15bn.
Comparing cross border M&A deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $1.57bn. At the country level, the China topped the list in terms of deal value at $1.55bn.
In terms of volumes, Europe emerged as the top region for consumer industry cross border M&A deals globally, followed by North America and then Asia-Pacific.
The top country in terms of cross border M&A deals activity in October 2022 was the US with six deals, followed by the UK with five and Germany with four.
In 2022, as of October, consumer cross border M&A deals worth $56.07bn were announced globally, marking an increase of 24.8% year on year.
consumer industry cross border M&A deals in October 2022: Top deals
The top five cross border M&A deals accounted for 97.7% of the overall value during October 2022.
The combined value of the top five consumer cross border M&A deals stood at $3.74bn, against the overall value of $3.8bn recorded for the month.
The top five consumer industry cross border M&A 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) Marriott International’s $100m asset transaction deal with Hoteles City Express SAB de CV