1. Deals Analysis
April 27, 2021

Consumer industry cross border venture financing deals total $1.17bn globally in March 2021

The $300m venture financing of Guoquan Shihui was the consumer industry’s top cross border venture financing deal as total deals worth $1.17bn were announced globally in March 2021, according to GlobalData’s deals database.

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The value marked an increase of 1108.05% over the previous month of $96.85m and a rise of 398.4% when compared with the last 12-month average, which stood at $234.74m.

Comparing cross border venture financing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $573.22m. At the country level, the US topped the list in terms of deal value at $565.4m.

In terms of volumes, Asia-Pacific emerged as the top region for consumer industry cross border venture financing deals globally, followed by North America and then Europe.

The top country in terms of cross border venture financing deals activity in March 2021 was the US with eight deals, followed by the China with four and India with four.

In 2021, as of March, consumer cross border venture financing deals worth $1.84bn were announced globally, marking a decrease of 114% year on year.

consumer industry cross border venture financing deals in March 2021: Top deals

The top five consumer industry cross border venture financing deals accounted for 79.8% of the overall value during March 2021.

The combined value of the top five consumer cross border venture financing deals stood at $931.9m, against the overall value of $1.17bn recorded for the month.

The top five consumer industry cross border venture financing deals of March 2021 tracked by GlobalData were:

1) CMB International Securities and Tiantu Investments’ $300m venture financing of Guoquan Shihui

2) The $200m venture financing of Eat JUST by Charlesbank Capital Partners, Qatar Investment Authority and Vulcan Capital Management

3) Rabo Corporate Investments, S2G Ventures and The Rise Fund’ $200m venture financing of Livekindly

4) The $155m venture financing of Harry’s by Bain Capital and Macquarie Capital (Europe)

5) IDG Capital, innovative workshops, Oak Capital Management, Ruixiang Capital Management and Zhejiang Private Enterprise Joint Investment’s venture financing of WOW COLOUR for $76.9m.

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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