1. Deals Analysis
September 17, 2021

Europe’s consumer industry saw a drop of 36.59% in cross border deal activity during August 2021

Europe’s consumer industry saw a drop of 36.59% in cross border deal activity during August 2021, when compared with the last 12-month average, led by Wolverine World Wide’s $410m acquisition of Lady of Leisure Holdings, according to GlobalData’s deals database.

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A total of 26 consumer industry cross border deals worth $704.6m were announced for the region in August 2021, against the 12-month average of 41 deals.

Of all the deal types, M&A saw most activity in August 2021 with 18 transactions, representing a 69.2% share for the region.

In second place was venture financing with five deals, followed by private equity deals with three transactions, respectively capturing a 19.2% and 11.5% 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 $618.29m, while venture financing and private equity deals totalled $86.34m and $0m, respectively.

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

The top five consumer cross border deals accounted for 96.6% of the overall value during August 2021.

The combined value of the top five consumer cross border deals stood at $680.62m, against the overall value of $704.6m recorded for the month.

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

1) Wolverine World Wide $410m acquisition deal with Lady of Leisure Holdings

2) The $121.14m acquisition of Crystal Palace Football Club by John Textor

3) Newlat Food $73.71m acquisition deal with SYMINGTONS

4) The $54.78m venture financing of Dogmates by Five Seasons Ventures,Passion Capital and White Star Capital

5) ACE &,Be8 Ventures Management,Good Seed Ventures,Gullspang Re:Food,Joyance Partners,Movendo Capital and Vorwerk Ventures $20.98m venture financing deal with Planted 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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