Led by $241.25m acquisition of 20% stake in Inner Mongolia Mengniu Dairy (Group), Asia-Pacific’s consumer industry saw a drop of 28.24% in cross border deal activity during Q2 2022, when compared to the last four-quarter average, according to GlobalData’s deals database.
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A total of 54 cross border deals worth $1.2bn were announced for the region during Q2 2022, against the last four-quarter average of 75.25 deals.
Of all the deal types, venture financing saw most activity in Q2 2022 with 31 deals, representing a 57.4% share for the region.
In second place was M&A with 18 deals, followed by private equity deals with five transactions, respectively capturing a 33.3% and 9.3% share of the overall cross border deal activity for the quarter.
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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 $801.36m, while venture financing and private equity deals totalled $277.94m and $75m, respectively.
Asia-Pacific consumer industry cross border deals in Q2 2022: Top deals
The top five consumer cross border deals accounted for a 70.2% share of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $809.84m, against the overall value of $1.2bn recorded for the quarter.
1) China Mengniu Dairy $241.25m acquisition deal for 20% stake in Inner Mongolia Mengniu Dairy (Group)
2) The $181.42m acquisition of 25% stake in Yashili International Holdings by China Mengniu Dairy
3) TKTR Investment $176m acquisition deal with Fortress State International
4) The $131.18m acquisition of Dumex Baby Food by Danone
5) Asia Green Fund Management,Bits x Bites,LYZZ Capital,Sento Investment and Temasek Holdings (Private) $80m venture financing deal with Mojia (Shanghai) Biotechnology