Led by $6.2bn private equity deal with Crown Resorts, Asia-Pacific’s consumer industry saw a rise of 14.05% in cross border deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 69 cross border deals worth $8.81bn were announced for the region during Q1 2021, against the last four-quarter average of 60.50 deals.

Of all the deal types, venture financing saw most activity in Q1 2021 with 31 deals, representing a 44.9% share for the region.

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In second place was M&A with 26 deals, followed by private equity deals with 12 transactions, respectively capturing a 37.7% and 17.4% share of the overall cross border deal activity for the quarter.

In terms of value of cross border deals, private equity was the leading category in Asia-Pacific’s consumer industry with $7.32bn, while venture financing and M&A deals totalled $758.75m and $731.53m, respectively.

Asia-Pacific consumer industry cross border deals in Q1 2021: Top deals

The top five consumer cross border deals accounted for an 88.9% share of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $7.84bn, against the overall value of $8.81bn recorded for the quarter.

The top five consumer industry cross border deals of Q1 2021 tracked by GlobalData were:

1) The Blackstone Group’s $6.2bn private equity deal with Crown Resorts

2) The $550.2m private equity deal with Kintetsu Group Holdings by Blackstone Group Holdings

3) Essity’s $468.8m acquisition of 63.8% stake in Asaleo Care

4) The $323.79m private equity deal for  acquisition of 21% stake in PT. Industri Jamu dan Farmasi Sido Muncul by Concordant Investment

5) CMB International Securities and Tiantu Investments’ venture financing with Guoquan Shihui for $300m.