1. Deals Analysis
March 27, 2021

Europe’s consumer industry saw a drop of 20.83% in deal activity during February 2021

Europe’s consumer industry saw a drop of 20.83% in deal activity during February 2021, when compared with the last 12-month average, led by Financiere Agache and L Catterton’s $4.8bn acquisition of Birkenstock Orthopadie GmbHKG, according to GlobalData’s deals database.

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A total of 76 consumer industry deals worth $6.19bn were announced for the region in February 2021, against the 12-month average of 96 deals.

Of all the deal types, M&A saw most activity in February 2021 with 39 transactions, representing a 51.3% share for the region.

In second place was venture financing with 24 deals, followed by private equity deals with 13 transactions, respectively capturing a 31.6% and 17.1% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in Europe’s consumer industry with $5.02bn, while M&A and venture financing deals totalled $1.11bn and $58.85m, respectively.

Europe consumer industry deals in February 2021: Top deals

The top five consumer deals accounted for 95% of the overall value during February 2021.

The combined value of the top five consumer deals stood at $5.88bn, against the overall value of $6.19bn recorded for the month.

The top five consumer industry deals of February 2021 tracked by GlobalData were:

1) Financiere Agache and L Catterton’s $4.8bn private equity deal with Birkenstock Orthopadie GmbHKG

2) The $403.57m asset transaction deal with KKRInc by Greystar Real Estate Partners

3) Orkla Health’s $354.15m acquisition of NutraQ 2

4) The $220.5m private equity deal with by Ares Real Estate Group and Generation Partners

5) Kerry Group’s acquisition of Biosearch for $106.33m.