1. Deals Analysis
May 6, 2021

Consumer industry M&A deals total $2.67bn in Asia-Pacific in Q1 2021

Total consumer industry M&A deals worth $2.67bn were announced in Asia-Pacific in Q1 2021, led by Essity’s $468.8m acquisition of Asaleo Care, according to GlobalData’s deals database.

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The value marked a decrease of 82% over the previous quarter and a drop of 69.1% when compared with the last four-quarter average of $8.63bn.

Asia-Pacific held a 12.2% share of the global consumer industry M&A deal value that totalled $21.88bn in Q1 2021. With a 4.17% share and deals worth $912.73m, China was the top country in Asia-Pacific’s M&A deal value across consumer industry.

In terms of deal activity, Asia-Pacific recorded 128 deals during Q1 2021, marking a decrease of 28.5% over the previous quarter and a drop of 3.6% over the last four-quarter average. Japan recorded 30 deals during the quarter.

Asia-Pacific consumer industry M&A deals in Q1 2021: Top deals

The top five consumer industry M&A deals accounted for 52.2% of the overall value during Q1 2021.

The combined value of the top five M&A deals stood at $1.39bn, against the overall value of $2.67bn recorded for the quarter.

The top five consumer industry deals of Q1 2021 tracked by GlobalData were:

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

2) The $397m acquisition of Beijing Wukesong Culture & Sports Centre by CIFI Holdings (Group)

3) Kumho Petrochemical’s $182m asset transaction with

4) The $174.18m acquisition of Sakai Ovex by Sakai Textile

5) GL Mountrose Investment Two’s acquisition of Hutchison Whampoa Guangzhou Baiyunshan Chinese MedicineLimited for $169m.

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.