Asia-Pacific’s consumer industry saw a drop of 28.21% in deal activity during February 2022, when compared with the last 12-month average, led by Reco Pine’s $1.3bn acquisition of Prince Hotels, according to GlobalData’s deals database.
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A total of 84 consumer industry deals worth $2.7bn were announced for the region in February 2022, against the 12-month average of 117 deals.
Of all the deal types, venture financing saw most activity in February 2022 with 49 transactions, representing a 58.3% share for the region.
In second place was M&A with 28 deals, followed by private equity deals with seven transactions, respectively capturing a 33.3% and 8.3% share of the overall deal activity for the month.
In terms of value of deals, private equity was the leading category in Asia-Pacific’s consumer industry with $1.34bn, while M&A and venture financing deals totalled $1.12bn and $274.82m, respectively.
Asia-Pacific consumer industry deals in February 2022: Top deals
The top five consumer deals accounted for 93.2% of the overall value during February 2022.
The combined value of the top five consumer deals stood at $2.55bn, against the overall value of $2.7bn recorded for the month.
The top five consumer industry deals of February 2022 tracked by GlobalData were:
1) Reco Pine $1.3bn private equity deal with Prince Hotels
2) The $1bn acquisition of 40% stake in China Resources C’estbon Beverage (China) by Plateau Consumer
3) Masan Group $110m acquisition deal for 31% stake in Phuc Long Heritage Joint Stock
4) The $100m venture financing of Next Gen Foods by Alpha JWC Ventures,Bits x Bites,EDBI,GGV Capital,K3 Ventures,MPL Ventures and Temasek Investments
5) ATM Capital ,eWTP Capital,Gaorong Capital,Hidden Mountain Capital,M31 Capital and SIG Capital Partners $40m venture financing deal with Y.O.U – Beauty Brand China
