Europe’s consumer industry saw a drop of 32.56% in cross border deal activity during August 2022, when compared with the last 12-month average, led by Entain’s $944.32m acquisition of 75% stake in SuperSport, according to GlobalData’s deals database.
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A total of 29 consumer industry cross border deals worth $2bn were announced for the region in August 2022, against the 12-month average of 43 deals.
Of all the deal types, M&A saw most activity in August 2022 with 18 transactions, representing a 62.1% share for the region.
In second place was private equity with six deals, followed by venture financing deals with five transactions, respectively capturing a 20.7% and 17.2% 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 $1.1bn, while private equity and venture financing deals totalled $900m and $23.29m, respectively.
Europe consumer industry cross border deals in August 2022: Top deals
The top five consumer cross border deals accounted for 99.4% of the overall value during August 2022.
The combined value of the top five consumer cross border deals stood at $2.02bn, against the overall value of $2bn recorded for the month.
The top five consumer industry cross border deals of August 2022 tracked by GlobalData were:
1) Entain’s $944.32m acquisition deal for 75% stake in SuperSport
2) The $900m private equity of Aman Group by Cain International and The Saudi Public Investment Fund
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) Octopus Ventures, Perwyn and Verlinvest’s $22m venture financing deal with KatKin
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.