1. Deals Analysis
June 19, 2022

Consumer industry cross border M&A deals total $19bn globally in May 2022

By Carmen

Total Consumer industry cross border M&A deals worth $19bn were announced globally in May 2022, led by Philip Morris International’s $17.33bn acquisition of Swedish Match, according to GlobalData’s deals database.

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The value marked an increase of 778.2% over the previous month of $2.16bn and a rise of 280.2% when compared with the last 12-month average, which stood at $4.99bn.

Comparing cross border M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $18.37bn. At the country level, the Sweden topped the list in terms of deal value at $18.33bn.

In terms of volumes, Europe emerged as the top region for Consumer industry cross border M&A deals globally, followed by North America and then Asia-Pacific.

The top country in terms of cross border M&A deals activity in May 2022 was the US with six deals, followed by the Canada with four and China with four.

In 2022, as of May, Consumer cross border M&A deals worth $25.87bn were announced globally, marking an increase of 1.7% year on year.

Consumer industry cross border M&A deals in May 2022: Top deals

The top five cross border M&A deals accounted for 99.5% of the overall value during May 2022.

The combined value of the top five Consumer cross border M&A deals stood at $18.88bn, against the overall value of $19bn recorded for the month.

The top five Consumer industry cross border M&A 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) China Mengniu Dairy $241.25m acquisition of 20% stake in Inner Mongolia Mengniu Dairy (Group)

4) The $181.42m acquisition of 25% stake in Yashili International Holdings by China Mengniu Dairy

5) Danone $131.18m acquisition deal with Dumex Baby Food

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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