Philip Morris International’s $17.33bn acquisition deal with Swedish Match was the Consumer industry’s biggest deal of Q2 2022 as deals worth $45.6bn were announced globally in the quarter, according to GlobalData’s deals database.
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The value marked an increase of 25.6% over the previous quarter and a drop of 22.7% when compared with the last four-quarter average of $59.06bn.
In terms of number of deals, the sector saw a drop of 15.90% with 985 deals in Q2 2022 against the average of 1171.25 deals in the last four-quarters.
In value terms, North America led the activity with deals worth $24.73bn.
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Consumer industry deals in Q2 2022: Top deals
The top five Consumer industry deals accounted for 64.01% of the overall value during Q2 2022.
The combined value of the top five deals stood at $29.21bn, against the overall value of $45.6bn recorded for the quarter.
The top five Consumer industry deals of Q2 2022 tracked by GlobalData were:
1) Philip Morris International $17.33bn acquisition deal with Swedish Match
2) The $4.65bn acquisition of Denver Broncos by Rob Walton
3) Dubilier & Rice,Clayton and TPG $3.03bn private equity deal for 75.85% stake in Covetrus
4) The $2.9bn acquisition of Clif Bar & by Mondelez International
5) Mondelez International $1.3bn acquisition deal with S.A. de and Ricolino