1. Deals Analysis
April 26, 2021

Consumer industry M&A deals total $605.77m in Asia-Pacific in March 2021

Total consumer industry M&A deals worth $605.77m were announced in Asia-Pacific in March 2021, led by GL Mountrose Investment Two’s $169m acquisition of Hutchison Whampoa Guangzhou Baiyunshan Chinese MedicineLimited, according to GlobalData’s deals database.

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The value marked a decrease of 67.3% over the previous month of $1.85bn and a drop of 78.3% when compared with the last 12-month average of $2.79bn.

Asia-Pacific held an 18.19% share of the global consumer industry M&A deal value that totalled $3.33bn in March 2021. With an 8.33% share and deals worth $277.54m, China 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 46 deals during March 2021, marking a decrease of 16.36% over the previous month and a rise of 2.22% over the 12-month average. China recorded 12 deals during the month.

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

The top five consumer industry M&A deals accounted for 81.5% of the overall value during March 2021.

The combined value of the top five consumer deals stood at $493.74m, against the overall value of $605.77m recorded for the month.

The top five consumer industry M&A deals of March 2021 tracked by GlobalData were:

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

2) The $130.79m acquisition of McPherson’s by Gallin

3) Shanghai Bacchus Wine Industry’s $68.75m acquisition of Shanghai Mogong Industry

4) The $66.2m acquisition of Junglee Games IndiaLtd. by Flutter Entertainment

5) Seeka’s acquisition of Opotiki Packing and Coolstorage for $59m.

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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