North America’s consumer industry saw a drop of 17.24% in cross border deal activity during June 2022, when compared with the last 12-month average, led by The Sterling Group’s $650m private equity deal with Ergotron, according to GlobalData’s deals database.
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A total of 24 consumer industry cross border deals worth $1.5bn were announced for the region in June 2022, against the 12-month average of 29 deals.
Of all the deal types, M&A saw most activity in June 2022 with ten transactions, representing a 41.7% share for the region.
In second place was venture financing with nine deals, followed by private equity deals with five transactions, respectively capturing a 37.5% and 20.8% share of the overall cross border deal activity for the month.
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By GlobalDataIn terms of value of cross border deals, private equity was the leading category in North America’s consumer industry with $688m, while M&A and venture financing deals totalled $608.51m and $154.37m, respectively.
North America consumer industry cross border deals in June 2022: Top deals
The top five consumer cross border deals accounted for 84% of the overall value during June 2022.
The combined value of the top five consumer cross border deals stood at $1.22bn, against the overall value of $1.5bn recorded for the month.
The top five consumer industry cross border deals of June 2022 tracked by GlobalData were:
1) The Sterling Group $650m private equity deal with Ergotron
2) The $233m acquisition of Indesit International and Whirlpool by Arcelik
3) Jamieson Wellness $210m acquisition deal with Nutrawise Health & Beauty dba
4) The $85m venture financing deal with Magic Spoon by Amy Schumer,Carter Comstock,Coefficient Capital,Constellation Capital,Halsey,Highpost Capital,Nasir Jones,Russell Westbrook,Shakira,Siddhi Capital and The Chainsmokers
5) AgFunder,Horizons Ventures and S2G Ventures $40m venture financing deal with Atomo Coffee
