Philip Morris International’s $17.33bn acquisition deal with Swedish Match was the Consumer industry’s biggest cross border deal of Q2 2022 as cross border deals worth $27.9bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 87.4% over the previous quarter and a drop of 16.6% when compared with the last four-quarter average of $33.41bn.
In terms of number of cross border deals, the sector saw a drop of 14.40% with 272 deals in Q2 2022 against the average of 317.75 deals in the last four-quarters.
In value terms, Europe led the activity with cross border deals worth $22.72bn.
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Consumer industry cross border deals in Q2 2022: Top deals
The top five Consumer industry cross border deals accounted for 79.03% of the overall value during Q2 2022.
The combined value of the top five cross border deals stood at $22.01bn, against the overall value of $27.9bn recorded for the quarter.
The top five Consumer industry cross border deals of Q2 2022 tracked by GlobalData were:
1) Philip Morris International $17.33bn acquisition deal with Swedish Match
2) The $1.3bn acquisition of S.A. de and Ricolino by Mondelez International
3) RedBird Capital Partners $1.29bn private equity deal with Associazione Calcio Milan
4) The $1.1bn private equity of Irca by Advent International
5) L’Oreal and Puig $1bn acquisition deal with Byredo