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  1. Deals Analysis
November 25, 2022

Europe’s consumer industry saw a drop of 32.08% in cross border deal activity during October 2022

By Carmen

Europe’s consumer industry saw a drop of 32.08% in cross border deal activity during October 2022, when compared with the last 12-month average, led by Lamb Weston Holdings’ $686.16m acquisition of 50% stake in Lamb Weston Meijer VOF, according to GlobalData’s deals database.

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A total of 36 consumer industry cross border deals worth $1bn were announced for the region in October 2022, against the 12-month average of 53 deals.

Of all the deal types, M&A saw most activity in October 2022 with 26 transactions, representing a 72.2% share for the region.

In second place was venture financing with six deals, followed by private equity deals with four transactions, respectively capturing a 16.7% and 11.1% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in Europe’s consumer industry with $751.5m, while private equity and venture financing deals totalled $210.19m and $75.63m, respectively.

Europe consumer industry cross border deals in October 2022: Top deals

The top five consumer cross border deals accounted for 93.9% of the overall value during October 2022.

The combined value of the top five consumer cross border deals stood at $973.98m, against the overall value of $1bn recorded for the month.

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

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

2) The $150m private equity of Puttshack by BlackRock and Promethean Investments

3) Sofival and Three Hills Capital Partners’s $60.19m private equity deal with Castellet Hospitality

4) The $47.7m venture financing of Gourmey Foods by Air Street Capital, Beyond capital ventures, Discovery Ventures, Earlybird Ventures, Fidji Simo, Heartcore Capital, Keen Venture Partners, Omnes Capital, Partech Partners, Point Nine Capital and Thia Ventures

5) Camplify’s $29.93m acquisition deal with PaulCamper and PaulCamper Insurance Broker

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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