India’s consumer industry saw a drop of 5.3% in overall deal activity during Q3 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 72 deals worth $3.34bn were announced in Q3 2019, compared to the last four-quarter average of 76 deals.
Venture financing was the leading category in the quarter with 43 deals which accounted for 59.7% of all deals.
In second place was M&A with 18 deals, followed by private equity with 11 transactions, respectively accounting for 25% and 15.3% of overall deal activity in the country’s consumer industry during the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in India’s consumer industry with total deals worth $2.12bn, while private equity and venture financing deals totalled $900.7m and $317.54m, respectively.
India consumer industry deals in Q3 2019: Top deals
The top five consumer deals accounted for 77.7% of the overall value during Q3 2019.
The combined value of the top five consumer deals stood at $2.59bn, against the overall value of $3.34bn recorded for the month.
The top five consumer industry deals of Q3 2019 tracked by GlobalData were:
1) RA Hospitality Holdings’ $2bn acquisition of Oravel Stays
2) The $250m venture financing of Ola Electric Mobility by SoftBank Group
3) Facebook, Naspers Ventures, RPS Ventures, SAIF Partners India, Sequoia Capital India, Shunwei Capital Partners and Venture Highway’s $125m venture financing of Fashnear Technologies
4) The $118.63m private equity deal with DFM Foods by Advent International
5) DST Global, Euler Capital, Exor Seeds, Freemark Partners Management, KCK, Kingsway FCI Fund, Moore Strategic Ventures, MS Dhoni, Partners Fund, Scott Kapnick, Sequoia Capital India and Unbound’s venture financing of Cars24 Service for $100m.
Verdict deals analysis methodology
This analysis considers only announced and completed 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.