Asia-Pacific’s consumer industry saw a rise of 35.00% in cross border deal activity during February 2021, when compared with the last 12-month average, led by Essity’s $468.8m acquisition of Asaleo Care, according to GlobalData’s deals database.
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A total of 27 consumer industry cross border deals worth $1.23bn were announced for the region in February 2021, against the 12-month average of 20 deals.
Of all the deal types, M&A saw most activity in February 2021 with 13 transactions, representing a 48.2% share for the region.
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By GlobalDataIn second place was venture financing with nine deals, followed by private equity deals with five transactions, respectively capturing a 33.3% and 18.5% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s consumer industry with $648.53m, while private equity and venture financing deals totalled $567.03m and $18.96m, respectively.
Asia-Pacific consumer industry cross border deals in February 2021: Top deals
The top five consumer cross border deals accounted for 84% of the overall value during February 2021.
The combined value of the top five consumer cross border deals stood at $1.04bn, against the overall value of $1.23bn recorded for the month.
The top five consumer industry cross border deals of February 2021 tracked by GlobalData were:
1) Essity’s $468.8m acquisition of Asaleo Care
2) The $323.79m private equity deal with PT. Industri Jamu dan Farmasi Sido Muncul by Concordant Investment
3) Carlyle Asia Partners V’s $200m private equity deal with Kakao Mobility
4) The $32.9m asset transaction with BRFL Textiles by JM Financial India Fund II and Think Investments
5) XOX (Hong Kong)’s private equity deal with Cheetah Holdings for $10.96m.