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.