1. Deals Analysis
May 10, 2021

Asia-Pacific’s consumer industry saw a rise of 14.05% in cross border deal activity in Q1 2021

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.

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.

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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