Total Consumer industry deals worth $25.2bn were announced globally for May 2022, with the Philip Morris International  $17.33bn acquisition of Swedish Match being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 269.4% over the previous month of $6.82bn and a rise of 42.7% when compared with the last 12-month average of $17.65bn.

In terms of number of deals, the sector saw a drop of 29.95% with 269 deals in May 2022 when compared to the last 12-month average of 384 deals.

In value terms, Europe led the activity with deals worth $18.85bn in May 2022.

Consumer industry deals in May 2022: Top deals

The top five deals accounted for 87.9% of the overall value during May 2022.

The combined value of the top five deals stood at $22.13bn, against the overall value of $25.2bn recorded for the month.

The top five Consumer industry deals of May 2022 tracked by GlobalData were:

1) Philip Morris International $17.33bn acquisition deal with Swedish Match

2) The $3.29bn private equity of Covetrus by Dubilier & Rice,Clayton and TPG

3) L’Oreal and Puig $1bn acquisition deal with Byredo

4) The $263m private equity of Funko by Bob Iger,eBay,Rich Paul and The Chernin Group

5) Hanaco Ventures Capital and Synthesis Capital $250m venture financing deal with Redefine Meat