1. Deals Analysis
December 16, 2021

Europe’s consumer industry saw a drop of 16.28% in cross border deal activity during November 2021

Europe’s consumer industry saw a drop of 16.28% in cross border deal activity during November 2021, when compared with the last 12-month average, led by CVC Capital Partners Fund VIII’s $5.1bn private equity deal with Ekaterra, according to GlobalData’s deals database.

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A total of 36 consumer industry cross border deals worth $7.5bn were announced for the region in November 2021, against the 12-month average of 43 deals.

Of all the deal types, M&A saw most activity in November 2021 with 23 transactions, representing a 63.9% share for the region.

In second place was private equity with seven deals, followed by venture financing deals with six transactions, respectively capturing a 19.4% and 16.7% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, private equity was the leading category in Europe’s consumer industry with $5.36bn, while M&A and venture financing deals totalled $2.07bn and $28.3m, respectively.

Europe consumer industry cross border deals in November 2021: Top deals

The top five consumer cross border deals accounted for 97.01% of the overall value during November 2021.

The combined value of the top five consumer cross border deals stood at $7.23bn, against the overall value of $7.5bn recorded for the month.

The top five consumer industry cross border deals of November 2021 tracked by GlobalData were:

1) CVC Capital Partners Fund VIII $5.1bn private equity deal with Ekaterra

2) The $1.3bn acquisition of Park Holidays by Sun Communities

3) Flutter Entertainment $540.89m acquisition deal with Tombola

4) The $189m private equity of KSL Capital Partners by Cedar Capital Partners and Goldman Sachs Asset Management

5) JBS $100m acquisition deal with BIOTECH FOODS

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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