Asia-Pacific’s consumer industry saw a drop of 4.76% in cross border deal activity during December 2020, when compared with the last 12-month average, led by Essity’s $408.79m acquisition of Asaleo Care, according to GlobalData’s deals database.
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A total of 20 consumer industry cross border deals worth $558.85m were announced for the region in December 2020, against the 12-month average of 21 deals.
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By GlobalDataOf all the deal types, venture financing saw most activity in December 2020 with ten transactions, representing a 50% share for the region.
In second place was M&A with nine deals, followed by private equity deals with one transactions, respectively capturing a 45% and 5% 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 $545.93m, while venture financing and private equity deals totalled $12.92m and $0m, respectively.
Asia-Pacific consumer industry cross border deals in December 2020: Top deals
The top five consumer cross border deals accounted for 98.5% of the overall value during December 2020.
The combined value of the top five consumer cross border deals stood at $550.59m, against the overall value of $558.85m recorded for the month.
The top five consumer industry cross border deals of December 2020 tracked by GlobalData were:
1) Essity’s $408.79m acquisition of Asaleo Care
2) The $96.9m acquisition deal with Shang Xia by EXOR
3) Redcape Hotel Group’s $20.41m asset transaction with JLL Hotels & Hospitality Group and Tom Gleeson
4) The $18.3m acquisition of Foshan Nanhai Runyuan Food by Foshan City Nanhai District Xinying Enterprise Planning and Guangnan HongLimited
5) Eat Beyond Global Investment Fund, Green Monday Ventures, KBW Ventures and Verso Capital Partners’ venture financing of TurtleTree Labs for $6.2m.