Total consumer industry cross border M&A deals worth $2.3bn were announced in Europe in May 2021, led by Mondelez International’s $2bn acquisition of Chipita, according to GlobalData’s deals database.
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The value marked an increase of 66.4% over the previous month of $1.37bn and a rise of 170.6% when compared with the last 12-month average of $842.59m.
Europe held a 50.44% share of the global consumer industry cross border M&A deal value that totalled $4.52bn in May 2021. With a 44.25% share and deals worth $2bn, Greece was the top country in Europe’s cross border M&A deal value across consumer industry.
In terms of cross border M&A deal activity, Europe recorded 24 deals during May 2021, marking an increase of 60.00% over the previous month and a rise of 26.32% over the 12-month average. The UK recorded five deals during the month.
Europe consumer industry cross border M&A deals in May 2021: Top deals
The top five consumer industry cross border M&A deals accounted for 99.6% of the overall value during May 2021.
The combined value of the top five consumer cross border deals stood at $2.27bn, against the overall value of $2.3bn recorded for the month.
The top five consumer industry cross border M&A deals of May 2021 tracked by GlobalData were:
1) Mondelez International’s $2bn acquisition of Chipita
2) The $155.03m acquisition of Bute Island Foods and Wisconsin Specialty Protein by Saputo
3) Victoria’s $59.51m acquisition of Edel Group
4) The $36.46m acquisition of CanPharma by Health House International
5) Kervan International’s acquisition of PWC Odra and Zaklady Przemyslu Cukierniczego Otmuchow for $23.04m.
