Asia-Pacific’s consumer industry saw a drop of 3.70% in cross border deal activity during September 2021, when compared with the last 12-month average, led by FountainVest Partners’ $1.05bn acquisition of Ziwi Pets, according to GlobalData’s deals database.
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A total of 26 consumer industry cross border deals worth $1.9bn were announced for the region in September 2021, against the 12-month average of 27 deals.
Of all the deal types, venture financing saw most activity in September 2021 with 16 transactions, representing a 61.5% share for the region.
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By GlobalDataIn second place was private equity with six deals, followed by M&A deals with four transactions, respectively capturing a 23.1% and 15.4% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, private equity was the leading category in Asia-Pacific’s consumer industry with $1.67bn, while venture financing and M&A deals totalled $114.21m and $100m, respectively.
Asia-Pacific consumer industry cross border deals in September 2021: Top deals
The top five consumer cross border deals accounted for 96.4% of the overall value during September 2021.
The combined value of the top five consumer cross border deals stood at $1.82bn, against the overall value of $1.9bn recorded for the month.
The top five consumer industry cross border deals of September 2021 tracked by GlobalData were:
1) FountainVest Partners $1.05bn private equity deal with Ziwi Pets
2) The $597.08m private equity of Eureka Forbes by Advent International
3) PHI Group $100m acquisition deal for 70% stake in Five Grain Treasure Spirits
4) The $34m venture financing of Sanghvi Beauty and Technologies by Stride Ventures,Trifecta Capital and Trifecta Leaders Fund
5) AirTree Ventures,Alyssa Healy,Giant Leap Fund,Grok Ventures,JamJar Investments,Matt de Boer,Matthew Dellavedova,Mitchell Starc,Nat Fyfe,Stefan Mauk and Verlinvest $30.54m venture financing deal with Good Goods