1. Deals Analysis
August 6, 2021

Consumer industry cross border venture financing deals total $1.3bn in Europe in Q2 2021

Led by $650m venture financing of FlixMobility, total consumer industry cross border venture financing deals worth $1.3bn were announced in Europe in Q2 2021, according to GlobalData’s deals database.

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The value marked an increase of 402.8% over the previous quarter and a rise of 533.7% when compared with the last four-quarter average of $206.73m.

Europe held a 49.25% share of the global consumer industry cross border venture financing deal value that totalled $2.66bn in Q2 2021. With a 28.30% share and deals worth $752.68m, Germany was the top country in Europe’s cross border venture financing deal value across consumer industry.

In terms of deal activity, Europe recorded 44 cross border deals during Q2 2021, marking an increase of 76.00% over the previous quarter and a rise of 120.00% over the last four-quarter average. The UK recorded 13 deals during the month.

Europe consumer industry cross border venture financing deals in Q2 2021: Top deals

The top five cross border venture financing deals accounted for 74.1% of the overall value during Q2 2021.

The combined value of the top five consumer cross border venture financing deals stood at $970.27m, against the overall value of $1.3bn recorded for the quarter.

The top five consumer cross border deals of Q2 2021 tracked by GlobalData were:

1) Baillie Gifford, BlackRock , Canyon Partners , General Atlantic , HV Capital Adviser , Permira Holdings , Silver Lake Partners and TCMI ’s $650m venture financing of FlixMobility

2) The $115m venture financing of Comuto by FMZ Ventures , Otiva and VNV Global

3) Claret Capital Partners , HV Capital Adviser , INKEF Capital , Partech Partners , Rocket Internet , RTP Global – UK and SevenGrowth ’s $95.23m venture financing of Urban Sports

4) The $60m venture financing of Virtuo Technologies by Alpha Intelligence Capital , AXA Venture Partners, Balderton Capital , Bpifrance Large Venture , Holding Italiana Quattordicesima , Iris Capital and Raise Ventures

5) AXA Impact Fund Climate and Biodiversity1, CPT Capital , HAL Investments , Nutreco , Olympic Investments , Scottish Enterprise and Tailored Solutions ‘ venture financing of 3F Bio for $50.03m.

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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