1. Deals Analysis
April 26, 2019

Consumer industry M&A deals in March 2019 total $6.56bn globally

Total consumer industry M&A deals in March 2019 worth $6.56bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 36.3% over the previous month and a drop of 62.3% when compared with the last 12-month average, which stood at $17.4bn.

Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth $2.75bn. At the country level, the US topped the list in terms of deal value at $2.71bn.

In terms of volumes, North America emerged as the top region for consumer industry M&A deals globally, followed by Europe and then Asia-Pacific.

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The top country in terms of M&A deals activity in March 2019 was the US with 69 deals, followed by the UK with 23 and India with 17.

In 2019, as of the end of March 2019, consumer M&A deals worth $25.98bn were announced globally, marking a decrease of 65.4% year on year.

Consumer industry M&A deals in March 2019: Top deals

The top five consumer industry M&A deals accounted for 50.8% of the overall value during March 2019.

The combined value of the top five consumer industry M&A deals stood at $3.33bn, against the overall value of $6.56bn recorded for the month. The top announced consumer industry M&A deal tracked by GlobalData in March 2019 was Ferrero International’s $1.3bn asset transaction with Kellogg.

In second place was the $628.08m acquisition of Hong Kong Express Airways by Cathay Pacific Airways and in third place was Hongkong Jingang Trade Holding Co’s $588m acquisition of Westland Co-operative Dairy.

The $475m asset transaction with Ideavillage Products by Church & Dwight and Ebix’s acquisition of Yatra Online for $336m held fourth and fifth positions, respectively.

This analysis considers only announced and completed 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.