1. Deals Analysis
June 20, 2022

Consumer industry M&A deals total $20.2bn globally in May 2022

By Carmen

Total Consumer industry M&A deals worth $20.2bn were announced globally 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 558% over the previous month of $3.07bn and a rise of 122.5% when compared with the last 12-month average, which stood at $9.08bn.

Comparing M&A deals value in different regions of the globe, Europe held the top position, with total announced deals in the period worth $18.52bn. At the country level, the Sweden topped the list in terms of deal value at $18.35bn.

In terms of volumes, North America emerged as the top region for Consumer industry M&A deals globally, followed by Europe and then Asia-Pacific.

The top country in terms of M&A deals activity in May 2022 was the US with 45 deals, followed by the China with eight and Canada with seven.

In 2022, as of May, Consumer M&A deals worth $36.68bn were announced globally, marking an increase of 29% year on year.

Consumer industry M&A deals in May 2022: Top deals

The top five M&A deals accounted for 93.9% of the overall value during May 2022.

The combined value of the top five Consumer M&A deals stood at $18.97bn, against the overall value of $20.2bn 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) China Mengniu Dairy $241.25m acquisition of 20% stake in Inner Mongolia Mengniu Dairy (Group)

4) The $222m acquisition of Dippin’? Dots by J&J Snack Foods

5) China Mengniu Dairy $181.42m acquisition of 20% stake in Yashili International Holdings

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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