1. Deals Analysis
June 22, 2022

Consumer industry M&A deals total $18.5bn in Europe in May 2022

By Carmen

Total consumer industry M&A deals worth $18.5bn were announced in Europe in May 2022, led by Philip Morris International’s $17.33bn acquisition of Swedish Match, according to GlobalData’s deals database.

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The value marked an increase of 4771.5% over the previous month of $380.17m and a rise of 427.6% when compared with the last 12-month average of $3.51bn.

Europe held a 91.68% share of the global consumer industry M&A deal value that totalled $20.2bn in May 2022. With a 90.84% share and deals worth $18.35bn, Sweden was the top country in Europe’s M&A deal value across consumer industry.

In terms of M&A deal activity, Europe recorded 32 deals during May 2022, marking a decrease of 27.27% over the previous month and a drop of 37.25% over the 12-month average. Italy recorded seven deals during the month.

Europe consumer industry M&A deals in May 2022: Top deals

The top five consumer industry M&A deals accounted for 99.9% of the overall value during May 2022.

The combined value of the top five consumer deals stood at $18.49bn, against the overall value of $18.5bn recorded for the month.

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

1) Philip Morris International $17.33bn acquisition deal with Swedish Match

2) The $1bn acquisition of Byredo by L’Oreal and Puig

3) Free2Move $105.18m acquisition deal with Share Now

4) The $37.5m acquisition of 13% stake in Associazione Sportiva Roma by The Friedkin Group

5) Spacett $24.44m acquisition deal with Tura Scandinavia

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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