China’s consumer industry saw a rise of 37.1% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 133 deals worth $10.39bn were announced in Q2 2019, compared to the last four-quarter average of 97 deals.
Venture financing was the leading category in the quarter with 89 deals which accounted for 66.9% of all deals.
In second place was M&A with 42 deals, followed by private equity with two transactions, respectively accounting for 31.6% and 1.5% 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 China’s consumer industry with total deals worth $8.99bn, while private equity and venture financing deals totalled $1.38bn and $14.88m, respectively.
China consumer industry deals in Q2 2019: Top deals
The top five consumer deals accounted for 22.4% of the overall value during Q2 2019.
The combined value of the top five consumer industry deals stood at $2.33bn, against the overall value of $10.39bn recorded for the quarter. The top announced China consumer industry deal tracked by GlobalData in Q2 2019 was Suning.com’s $1.16bn acquisition of Carrefour , China.
In second place was the $506.55m acquisition of Rundong Automobile Group, Xuzhou Rundong Automobile Sales ManagementLimited, Xuzhou Rundong Jiaoguang Automobile Sales and ServicesLimited and Xuzhou Yuemei Automobile Sales ManagementLimited by Kunming Yanheng Automobile Sales ServicesLimited and in third place was General Atlantic, Qiming Venture Partners and Tencent Holdings’ $250m venture financing of Mafengwo.cn.
The $221.28m acquisition of Quick Frozen Food by Henan Kedi Dairy Industry and JD.com’s stake acquisition of Jiangsu Five Star Appliance for $189.23m held fourth and fifth positions, respectively.
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.