Asia-Pacific’s consumer industry saw a drop of 15.38% in cross border deal activity during March 2022, when compared with the last 12-month average, led by Tate & Lyle’s $237m acquisition of Quantum Hi-Tech (China) Biological, according to GlobalData’s deals database.
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A total of 22 consumer industry cross border deals worth $680.1m were announced for the region in March 2022, against the 12-month average of 26 deals.
Of all the deal types, venture financing saw most activity in March 2022 with 14 transactions, representing a 63.6% share for the region.
In second place was M&A with seven deals, followed by private equity deals with one transactions, respectively capturing a 31.8% and 4.6% share of the overall cross border deal activity for the month.
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By GlobalDataIn terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s consumer industry with $392.6m, followed by venture financing deals totalled $287.48m.
Asia-Pacific consumer industry cross border deals in March 2022: Top deals
The top five consumer cross border deals accounted for 93.1% of the overall value during March 2022.
The combined value of the top five consumer cross border deals stood at $633.01m, against the overall value of $680.1m recorded for the month.
The top five consumer industry cross border deals of March 2022 tracked by GlobalData were:
1) Tate & Lyle $237m acquisition deal with Quantum Hi-Tech (China) Biological
2) The $194.5m venture financing of TIMS China by Descartes Capital Group,Restaurant Brands International and Silvercrest Asset Management Group
3) AI Global Investments (Cyprus) PCC,AI Pure (Cayman),Lunolux and Lunolux Midco $138.38m acquisition of 26% stake in Eureka Forbes
4) The $31.7m venture financing of PEP Technologies Pvt. by Amicus Capital Partners,Paragon Partners Growth Fund,RPSG Capital Ventures,Sharrp Ventures and Singularity Growth Opportunities Fund
5) Cathay Capital (China),EverYi Capital and Fang GroupLimited $31.42m venture financing deal with Mistine