Europe’s consumer industry saw a drop of 28.57% in cross border deal activity during November 2020, when compared with the last 12-month average, led by Croda International’s $972.92m acquisition of Iberchem, according to GlobalData’s deals database.
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A total of 25 consumer industry cross border deals worth $2.01bn were announced for the region in November 2020, against the 12-month average of 35 deals.
Of all the deal types, M&A saw most activity in November 2020 with 11 transactions, representing a 44% share for the region.
In second place was private equity with nine deals, followed by venture financing deals with five transactions, respectively capturing a 36% and 20% 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 $1.22bn, while private equity and venture financing deals totalled $737m and $57.13m, respectively.
Europe consumer industry cross border deals in November 2020: Top deals
The top five consumer cross border deals accounted for 96.8% of the overall value during November 2020.
The combined value of the top five consumer cross border deals stood at $1.95bn, against the overall value of $2.01bn recorded for the month.
The top five consumer industry cross border deals of November 2020 tracked by GlobalData were:
1) Croda International’s $972.92m acquisition of Iberchem
2) The $593.07m private equity deal with Sazka Entertainment by Apollo Global Management
3) Eurazeo PME’s $136.46m private equity deal with ALTAIR
4) The $130.6m acquisition of Findus Switzerland by Nomad Foods
5) Inspecs’ acquisition of Eschenbach for $112.3m.
