1. Deals Analysis
March 17, 2021

Consumer industry M&A deals total $1.24bn in Asia-Pacific in February 2021

Total consumer industry M&A deals worth $1.24bn were announced in Asia-Pacific in February 2021, led by Essity’s $468.8m acquisition of Asaleo Care, according to GlobalData’s deals database.

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The value marked an increase of 352.8% over the previous month of $273.84m and a drop of 55.4% when compared with the last 12-month average of $2.78bn.

Asia-Pacific held a 16.40% share of the global consumer industry M&A deal value that totalled $7.56bn in February 2021. With a 7.81% share and deals worth $590.34m, Australia was the top country in Asia-Pacific’s M&A deal value across consumer industry.

In terms of M&A deal activity, Asia-Pacific recorded 47 deals during February 2021, marking an increase of 67.86% over the previous month and a rise of 6.82% over the 12-month average. Australia recorded 13 deals during the month.

Asia-Pacific consumer industry M&A deals in February 2021: Top deals

The top five consumer industry M&A deals accounted for 70.9% of the overall value during February 2021.

The combined value of the top five consumer deals stood at $882.18m, against the overall value of $1.24bn recorded for the month.

The top five consumer industry M&A deals of February 2021 tracked by GlobalData were:

1) Essity’s $468.8m acquisition of Asaleo Care

2) The $182m asset transaction with by Kumho Petrochemical

3) Pro-invest Group’s $102.25m asset transaction with Greenland (Australia) Investment

4) The $90m asset transaction with SK Wyverns by EMART

5) Coway’s acquisition of iOBED for $39.13m.

Verdict deals analysis methodology

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.

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