Asia-Pacific’s consumer industry saw a drop of 11.11% in deal activity during March 2022, when compared with the last 12-month average, led by Kakao’s $810m acquisition of 20% stake in SM Entertainment, according to GlobalData’s deals database.
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A total of 104 consumer industry deals worth $2.7bn were announced for the region in March 2022, against the 12-month average of 117 deals.
Of all the deal types, venture financing saw most activity in March 2022 with 63 transactions, representing a 60.6% share for the region.
In second place was M&A with 32 deals, followed by private equity deals with nine transactions, respectively capturing a 30.8% and 8.7% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in Asia-Pacific’s consumer industry with $1.76bn, while venture financing and private equity deals totalled $658.46m and $266.82m, respectively.
Asia-Pacific consumer industry deals in March 2022: Top deals
The top five consumer deals accounted for 72.8% of the overall value during March 2022.
The combined value of the top five consumer deals stood at $1.95bn, against the overall value of $2.7bn recorded for the month.
The top five consumer industry deals of March 2022 tracked by GlobalData were:
1) Kakao $810m acquisition deal for 20% stake in SM Entertainment
2) The $462.48m acquisition of 14% stake in HANJIN KAL by Hoban Construction
3) Korea Wide Partners $249m private equity deal with Mirae Paper and Mirae Well Life
4) The $237m acquisition of Quantum Hi-Tech (China) Biological by Tate & Lyle
5) Descartes Capital Group,Restaurant Brands International and Silvercrest Asset Management Group $194.5m venture financing deal with TIMS China