Europe’s consumer industry sees a rise of 23.1% in deal activity in Q2 2019

16 July 2019 (Last Updated July 16th, 2019 13:49)

Europe’s consumer industry sees a rise of 23.1% in deal activity in Q2 2019

Europe’s consumer industry saw a rise of 23.1% in overall deal activity during Q2 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 448 deals worth $39.88bn were announced for the region during Q2 2019, against the last four-quarter average of 364 deals.

Of all the deal types, M&A saw most activity in Q2 2019 with 284, representing a 63.4% share for the region.

In second place was venture financing with 91 deals, followed by private equity deals with 73 transactions, respectively capturing a 20.3% and 16.3% share of the overall deal activity for the quarter.

In terms of value of deals, private equity was the leading category in Europe’s consumer industry with $22.19bn, while M&A and venture financing deals totalled $16.81bn and $886.5m, respectively.

Europe consumer industry deals in Q2 2019: Top deals

The top five consumer deals accounted for 66.7% of the overall value during Q2 2019.

The combined value of the top five consumer deals stood at $26.6bn, against the overall value of $39.88bn recorded for the quarter. The top announced consumer deal tracked by GlobalData in Q2 2019 was EQT VIII, Luxinva and Public Sector Pension Investment Board’s $10.12bn private equity deal with Nestle Skin Health.

In second place was the $7.56bn private equity deal with Merlin Entertainments by Canada Pension Plan Investment Board, KIRKBI Invest and The Blackstone Group and in third place was Natura Cosmeticos’ $3.7bn acquisition of Avon Products.

The $2.83bn stake acquisition of Millennium & Copthorne Hotels by Agapier Investments and TDR Capital’s private equity deal with BCA Marketplace for $2.4bn held fourth and fifth positions, respectively.

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.