Asia-Pacific’s consumer industry saw a rise of 3.85% in cross border deal activity during November 2021, when compared with the last 12-month average, led by Universal Robina’s $455.13m acquisition of Munchworld Marketing Sdn and Munchy Food Industries Sdn., according to GlobalData’s deals database.
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A total of 27 consumer industry cross border deals worth $1bn were announced for the region in November 2021, against the 12-month average of 26 deals.
Of all the deal types, venture financing saw most activity in November 2021 with 20 transactions, representing a 74.1% share for the region.
In second place was M&A with five deals, followed by private equity deals with two transactions, respectively capturing an 18.5% and 7.4% 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 $570.69m, followed by M&A deals totalled $469.43m.
Asia-Pacific consumer industry cross border deals in November 2021: Top deals
The top five consumer cross border deals accounted for 87.7% of the overall value during November 2021.
The combined value of the top five consumer cross border deals stood at $912.13m, against the overall value of $1bn recorded for the month.
The top five consumer industry cross border deals of November 2021 tracked by GlobalData were:
1) Universal Robina $455.13m acquisition deal with Munchworld Marketing Sdn and Munchy Food Industries Sdn.
2) The $200m venture financing of Beijing Yuanqi Forest Beverage by Sequoia China Fund,Temasek Holdings (Private) and Warburg Pincus
3) Accel,Alpha Wave Ventures,Falcon Edge Capital,Naspers Ventures,Norwest Venture Partners and Tiger Global Management $135m venture financing deal with Mensa Brand Technologies
4) The $92m venture financing of Zoomcar India by SternAegis Ventures
5) Verso Capital Partners $30m venture financing deal with TurtleTree Labs