1. Deals Analysis
March 21, 2022

Europe’s consumer industry saw a drop of 11.63% in cross border deal activity during February 2022

By Carmen

Europe’s consumer industry saw a drop of 11.63% in cross border deal activity during February 2022, when compared with the last 12-month average, led by Allwyn Entertainment’s $372.2m acquisition of OPAP, according to GlobalData’s deals database.

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A total of 38 consumer industry cross border deals worth $757m were announced for the region in February 2022, against the 12-month average of 43 deals.

Of all the deal types, M&A saw most activity in February 2022 with 16 transactions, representing a 42.1% share for the region.

In second place was venture financing with 16 deals, followed by private equity deals with six transactions, respectively capturing a 42.1% and 15.8% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, M&A was the leading category in Europe’s consumer industry with $376.34m, while private equity and venture financing deals totalled $218.97m and $161.67m, respectively.

Europe consumer industry cross border deals in February 2022: Top deals

The top five consumer cross border deals accounted for 83.8% of the overall value during February 2022.

The combined value of the top five consumer cross border deals stood at $634m, against the overall value of $757m recorded for the month.

The top five consumer industry cross border deals of February 2022 tracked by GlobalData were:

1) Allwyn Entertainment $372.2m acquisition deal with OPAP

2) The $127.5m private equity of IP Investment Management and The Glenmore Group by Brookfield Asset Management

3) Bitburger Ventures,Founders Future and Temasek Holdings (Private) $67.12m venture financing deal with Waterdrop Microdrink

4) The $57.17m venture financing of Protix Biosystems by Aqua-Spark,BNP Paribas,European Circular Bioeconomy Fund,Invest-NL,Prince Albert II of Monaco Foundation and Rabo Investments

5) EQT Ventures,Foodlabs,Roger Hassan and Shio Capital $10m venture financing deal with Dine In Taste

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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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