Europe’s consumer industry sees a rise of 10.3% in deal activity in February 2019

26 March 2019 (Last Updated March 27th, 2019 15:48)

Europe’s consumer industry sees a rise of 10.3% in deal activity in February 2019

Europe’s consumer industry saw a rise of 10.3% in deal activity during February 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 118 consumer industry deals worth $5.5bn were announced for the region in February 2019, against the 12-month average of 107 deals.

Of all the deal types, M&A saw most activity in February 2019 with 74 transactions, representing a 62.7% share for the region.

In second place was private equity with 24 deals, followed by venture financing deals with 20 transactions, respectively capturing a 20.3% and 17% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Europe’s consumer industry with $3.05bn, while private equity and venture financing deals totalled $2.33bn and $121.65m, respectively.

Europe consumer industry deals in February 2019: Top deals

The top five consumer deals accounted for 74.5% of the overall value during February 2019.

The combined value of the top five consumer deals stood at $4.1bn, against the overall value of $5.5bn recorded for the month. The top announced consumer deal tracked by GlobalData in February 2019 was LetterOne Holdings’ $1.78bn private equity deal with Distribuidora Internacional de Alimentacion.

In second place was the $1.27bn acquisition of Dairy Crest Group by Saputo Dairy and in third place was DP World’s $417.51m acquisition of P&O Ferries.

The $340m asset transaction with BRF by Tyson Foods and Coca-Cola HBC’s acquisition of Bambi-Banat for $295.1m held fourth and fifth positions, respectively.

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.