Europe’s consumer industry saw a rise of 33.33% in cross border deal activity during May 2021, when compared with the last 12-month average, led by Mondelez International’s $2bn acquisition of Chipita, according to GlobalData’s deals database.
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A total of 44 consumer industry cross border deals worth $3.1bn were announced for the region in May 2021, against the 12-month average of 33 deals.
Of all the deal types, M&A saw most activity in May 2021 with 24 transactions, representing a 54.6% share for the region.
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By GlobalDataIn second place was venture financing with 12 deals, followed by private equity deals with eight transactions, respectively capturing a 27.3% and 18.2% 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 $2.28bn, while private equity and venture financing deals totalled $630.13m and $182.95m, respectively.
Europe consumer industry cross border deals in May 2021: Top deals
The top five consumer cross border deals accounted for 90.5% of the overall value during May 2021.
The combined value of the top five consumer cross border deals stood at $2.8bn, against the overall value of $3.1bn recorded for the month.
The top five consumer industry cross border deals of May 2021 tracked by GlobalData were:
1) Mondelez International’s $2bn acquisition of Chipita
2) The $460.13m private equity deal with Travis Perkins Plumbing & Heating by H.I.G. Capital
3) Saputo’s $155.03m acquisition of Bute Island Foods and Wisconsin Specialty Protein
4) The $126.78m private equity deal with Edgar Suites by BC Partners
5) Alpha Intelligence Capital, AXA Venture Partners, Balderton Capital, Bpifrance Large Venture, Holding Italiana Quattordicesima, Iris Capital and Raise Ventures’ venture financing of Virtuo Technologies for $60m.