1. Deals Analysis
April 19, 2022

Asia-Pacific’s consumer industry saw a drop of 15.38% in cross border deal activity during March 2022

By Carmen

Asia-Pacific’s consumer industry saw a drop of 15.38% in cross border deal activity during March 2022, when compared with the last 12-month average, led by Tate & Lyle ’s $237m acquisition of Quantum Hi-Tech (China) Biological, according to GlobalData’s deals database.

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A total of 22 consumer industry cross border deals worth $680.1m were announced for the region in March 2022, against the 12-month average of 26 deals.

Of all the deal types, venture financing saw most activity in March 2022 with 14 transactions, representing a 63.6% share for the region.

In second place was M&A with seven deals, followed by private equity deals with one transactions, respectively capturing a 31.8% and 4.6% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s consumer industry with $392.6m, followed by venture financing deals totalled $287.48m.

Asia-Pacific consumer industry cross border deals in March 2022: Top deals

The top five consumer cross border deals accounted for 93.1% of the overall value during March 2022.

The combined value of the top five consumer cross border deals stood at $633.01m, against the overall value of $680.1m recorded for the month.

The top five consumer industry cross border deals of March 2022 tracked by GlobalData were:

1) Tate & Lyle $237m acquisition deal with Quantum Hi-Tech (China) Biological

2) The $194.5m venture financing of TIMS China by Descartes Capital Group,Restaurant Brands International and Silvercrest Asset Management Group

3) AI Global Investments (Cyprus) PCC,AI Pure (Cayman ),Lunolux and Lunolux Midco $138.38m acquisition of 26% stake in Eureka Forbes

4) The $31.7m venture financing of PEP Technologies Pvt. by Amicus Capital Partners,Paragon Partners Growth Fund,RPSG Capital Ventures,Sharrp Ventures and Singularity Growth Opportunities Fund

5) Cathay Capital (China),EverYi Capital and Fang GroupLimited $31.42m venture financing deal with Mistine

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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.

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