Europe’s consumer industry saw a drop of 22.22% in cross border 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 28 consumer industry cross border deals worth $5.56bn were announced for the region in February 2021, against the 12-month average of 36 deals.
Of all the deal types, M&A saw most activity in February 2021 with 19 transactions, representing a 67.9% share for the region.
In second place was venture financing with five deals, followed by private equity deals with four transactions, respectively capturing a 17.9% and 14.3% 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 $5.02bn, while M&A and venture financing deals totalled $517.91m and $19.91m, respectively.
Europe consumer industry cross border deals in February 2021: Top deals
The top five consumer cross border deals accounted for 99.7% of the overall value during February 2021.
The combined value of the top five consumer cross border deals stood at $5.54bn, against the overall value of $5.56bn recorded for the month.
The top five consumer industry cross border 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) Ares Real Estate Group and Generation Partners’ $220.5m private equity deal to acquire 2 Student Accommodation Assets in Exeter and Cardiff
4) The $106.33m acquisition of Biosearch by Kerry Group
5) Blue Horizon Ventures, Jitse Groen and Nutreco’s venture financing of Mosa Meat for $10m.