1. Deals Analysis
May 6, 2021

Consumer industry cross border M&A deals total $731.5m in Asia-Pacific in Q1 2021

Total consumer industry cross border M&A deals worth $731.5m were announced in Asia-Pacific in Q1 2021, led by Essity’s $468.8m acquisition of Asaleo Care, according to GlobalData’s deals database.

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The value marked a decrease of 92.1% over the previous quarter and a drop of 86.6% when compared with the last four-quarter average of $5.46bn.

Asia-Pacific held a 7.53% share of the global consumer industry cross border M&A deal value that totalled $9.72bn in Q1 2021. With a 4.91% share and deals worth $476.8m, Australia was the top country in Asia-Pacific’s cross border M&A deal value across consumer industry.

In terms of deal activity, Asia-Pacific recorded 26 cross border deals during Q1 2021, marking a decrease of 31.58% over the previous quarter and a drop of 16.80% over the last four-quarter average. Australia recorded eight deals during the quarter.

Asia-Pacific consumer industry cross border M&A deals in Q1 2021: Top deals

The top five consumer industry cross border M&A deals accounted for 76.7% of the overall value during Q1 2021.

The combined value of the top five cross border M&A deals stood at $560.91m, against the overall value of $731.53m recorded for the quarter.

The top five consumer industry cross border deals of Q1 2021 tracked by GlobalData were:

1) Essity’s $468.8m acquisition of Asaleo Care

2) The $66.2m asset transaction with Junglee Games IndiaLtd. by Flutter Entertainment

3) XOX (Hong Kong)’s $10.96m acquisition of Cheetah Holdings

4) The $7.82m acquisition of Pacific Hemp Co by Hemp for Health

5) Arts Optical International Holdings’ acquisition of Stepper & Colors Opti Technology (Jiangsu)Limited for $7.14m.

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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