Asia-Pacific’s consumer industry saw a rise of 14.29% in cross border deal activity during July 2021, when compared with the last 12-month average, led by BA Capital Partners, Coatue Management, He Boquan, Hillhouse Capital Group, IDG Capital, Longzhu Capital , Sequoia China Investment Management and Tencent Industry Fund’s $500m venture financing of Shenzhen Meixixi Catering Management, according to GlobalData’s deals database.
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A total of 24 consumer industry cross border deals worth $1.1bn were announced for the region in July 2021, against the 12-month average of 21 deals.
Of all the deal types, venture financing saw most activity in July 2021 with 18 transactions, representing a 75% share for the region.
In second place was M&A with four deals, followed by private equity deals with two transactions, respectively capturing a 16.7% and 8.3% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, venture financing was the leading category in Asia-Pacific’s consumer industry with $905.65m, while M&A and private equity deals totalled $128.29m and $87m, respectively.
Asia-Pacific consumer industry cross border deals in July 2021: Top deals
The top five consumer cross border deals accounted for 74.9% of the overall value during July 2021.
The combined value of the top five consumer cross border deals stood at $839.64m, against the overall value of $1.1bn recorded for the month.
The top five consumer industry cross border deals of July 2021 tracked by GlobalData were:
1) Shenzhen Meixixi Catering Management $500m venture financing deal with BA Capital Partners,Coatue Management,He Boquan,Hillhouse Capital Group,IDG Capital,Longzhu Capital ,Sequoia China Investment Management and Tencent Industry Fund
2) The $100m venture financing of Neiwai by Qiming Venture Capital,The Carlyle Group and Vertex Ventures China
3) KakaoVX $87m private equity deal with One Asia Investment Partners
4) The $72.64m acquisition of Kaohsiung OptoElectronics by Wise Cap Limited
5) TurtleTree Labs $80m venture financing deal with Verso Capital Partners
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.