1. Deals Analysis
June 19, 2022

Consumer industry cross border deals total $19.8bn globally in May 2022

By Carmen

Total Consumer industry cross border deals worth $19.8bn were announced globally for May 2022, with the Philip Morris International $17.33bn acquisition of Swedish Match being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 405.9% over the previous month of $3.91bn and a rise of 94.3% when compared with the last 12-month average of $10.18bn.

In terms of number of cross border deals, the sector saw a drop of 24.76% with 79 deals in May 2022 when compared to the last 12-month average of 105 deals.

In value terms, Europe led the activity with cross border deals worth $18.63bn in May 2022.

Consumer industry cross border deals in May 2022: Top deals

The top five cross border deals accounted for 96.05% of the overall value during May 2022.

The combined value of the top five cross border deals stood at $19bn, against the overall value of $19.8bn recorded for the month.

The top five Consumer industry cross border deals of May 2022 tracked by GlobalData were:

1) Philip Morris International $17.33bn acquisition deal with Swedish Match

2) The $1bn acquisition of Byredo by L’Oreal and Puig

3) Hanaco Ventures Capital and Synthesis Capital $250m venture financing deal with Redefine Meat

4) The $241.25m acquisition of 20% stake in Inner Mongolia Mengniu Dairy (Group) by China Mengniu Dairy

5) Brookfield Asset Management $184.06m private equity deal with DigitalBridge Group

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.

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