Total consumer industry cross border deals worth $1.8bn were announced globally for March 2022, with the $258.79m acquisition of Botafogo de Futebol e Regatas. being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 57.7% over the previous month of $4.14bn and a drop of 84.9% when compared with the last 12-month average of $11.58bn.
In terms of number of cross border deals, the sector saw a drop of 17.92% with 87 deals in March 2022 when compared to the last 12-month average of 106 deals.
In value terms, Asia-Pacific led the activity with cross border deals worth $680.07m in March 2022.
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By GlobalDataconsumer industry cross border deals in March 2022: Top deals
The top five cross border deals accounted for 57.5% of the overall value during March 2022.
The combined value of the top five cross border deals stood at $1.01bn, against the overall value of $1.8bn recorded for the month.
The top five consumer industry cross border deals of March 2022 tracked by GlobalData were:
1) John Textor $258.79m acquisition deal with Botafogo de Futebol e Regatas.
2) The $237m acquisition of Quantum Hi-Tech (China) Biological by Tate & Lyle
3) Descartes Capital Group,Restaurant Brands International and Silvercrest Asset Management Group $194.5m venture financing deal with TIMS China
4) The $164m private equity of Diageo by Bayside PE and Metis Investment
5) China Youran Dairy Group $154.31m acquisition of 27.16% stake in Wholesome Harvest
