1. Deals Analysis
April 22, 2022

Consumer industry M&A deals total $1.8bn in Asia-Pacific in March 2022

By Nikitha Ladda

Total consumer industry M&A deals worth $1.8bn were announced in Asia-Pacific in March 2022, led by Kakao’s $810m acquisition of 20% stake in SM Entertainment, according to GlobalData’s deals database.

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The value marked an increase of 4.8% over the previous month of $1.68bn and a rise of 5.4% when compared with the last 12-month average of $1.67bn.

Asia-Pacific held a 4.64% share of the global consumer industry M&A deal value that totalled $37.93bn in March 2022. With a 3.56% share and deals worth $1.35bn, Republic of Korea (South Korea) 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 32 deals during March 2022, marking a flat growth over the previous month and a drop of 13.51% over the 12-month average. India recorded ten deals during the month.

Asia-Pacific consumer industry M&A deals in March 2022: Top deals

The top five consumer industry M&A deals accounted for 98.1% of the overall value during March 2022.

The combined value of the top five consumer deals stood at $1.72bn, against the overall value of $1.8bn recorded for the month.

The top five consumer industry M&A deals of March 2022 tracked by GlobalData were:

1) Kakao $810m acquisition deal for 20% stake in SM Entertainment

2) The $462.48m acquisition of 14% stake in HANJIN KAL by Hoban Construction

3) Tate & Lyle $237m acquisition deal with Quantum Hi-Tech (China) Biological

4) The $138.38m acquisition of 26% stake in Eureka Forbes by AI Global Investments (Cyprus) PCC,AI Pure (Cayman),Lunolux and Lunolux Midco

5) Jeongyookgak $74.7m acquisition deal with The Chorocmaeul

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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