Asia-Pacific’s consumer industry saw a drop of 35.11% in deal activity during January 2021, when compared with the last 12-month average, led by Aspex Management, Boyu Capital Consultancy, Matrix Partners China, Sequoia Capital China and SoftBank Vision Fund 1’s $200m acquisition of Klook Travel Technology, according to GlobalData’s deals database.
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A total of 61 consumer industry deals worth $708.69m were announced for the region in January 2021, against the 12-month average of 94 deals.
Of all the deal types, venture financing saw most activity in January 2021 with 39 transactions, representing a 63.9% share for the region.
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By GlobalDataIn second place was M&A with 19 deals, followed by private equity deals with three transactions, respectively capturing a 31.2% and 4.9% share of the overall deal activity for the month.
In terms of value of deals, venture financing was the leading category in Asia-Pacific’s consumer industry with $498.85m, while M&A and private equity deals totalled $209.84m and $0m, respectively.
Asia-Pacific consumer industry deals in January 2021: Top deals
The top five consumer deals accounted for 70.4% of the overall value during January 2021.
The combined value of the top five consumer deals stood at $499.12m, against the overall value of $708.69m recorded for the month.
The top five consumer industry deals of January 2021 tracked by GlobalData were:
1) Aspex Management, Boyu Capital Consultancy, Matrix Partners China, Sequoia Capital China and SoftBank Vision Fund 1’s $200m venture financing of Klook Travel Technology
2) The $101.82m acquisition deal with Garden Silk Mills by MCPI
3) Warburg Pincus’ $100m venture financing of Imagine Marketing
4) The $61.78m venture financing of Meishang (Guangzhou) Cosmetics by Goldman Sachs (China), JinYi Capital and Junchuan Capital
5) Chengdu Jiaozi Oriental Investment Development Partnership (Limited Partnership)’s acquisition of Suzhou Chunqiu Electronic Technology for $35.52m.