1. Deals Analysis
April 22, 2021

Asia-Pacific’s consumer industry saw a rise of 30.00% in cross border deal activity during March 2021

Asia-Pacific’s consumer industry saw a rise of 30.00% in cross border deal activity during March 2021, when compared with the last 12-month average, led by The Blackstone Group’s $6.2bn acquisition of Crown Resorts, according to GlobalData’s deals database.

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A total of 26 consumer industry cross border deals worth $7.26bn were announced for the region in March 2021, against the 12-month average of 20 deals.

Of all the deal types, venture financing saw most activity in March 2021 with 12 transactions, representing a 46.2% share for the region.

In second place was M&A with ten deals, followed by private equity deals with four transactions, respectively capturing a 38.5% and 15.4% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, private equity was the leading category in Asia-Pacific’s consumer industry with $6.75bn, while venture financing and M&A deals totalled $428.53m and $76.24m, respectively.

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

The top five consumer cross border deals accounted for 99.2% of the overall value during March 2021.

The combined value of the top five consumer cross border deals stood at $7.2bn, against the overall value of $7.26bn recorded for the month.

The top five consumer industry cross border deals of March 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) CMB International Securities and Tiantu Investments’ $300m venture financing of Guoquan Shihui

4) The $76.9m venture financing of WOW COLOUR by IDG Capital, innovative workshops, Oak Capital Management, Ruixiang Capital Management and Zhejiang Private Enterprise Joint Investment

5) Flutter Entertainment’s acquisition of Junglee Games IndiaLtd. for $66.2m.

Verdict deals analysis methodology

This analysis considers only announced and completed 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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