Europe’s consumer industry saw a rise of 33.33% in cross border deal activity during May 2021, when compared with the last 12-month average, led by Mondelez International ’s $2bn acquisition of Chipita , according to GlobalData’s deals database.

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A total of 44 consumer industry cross border deals worth $3.1bn were announced for the region in May 2021, against the 12-month average of 33 deals.

Of all the deal types, M&A saw most activity in May 2021 with 24 transactions, representing a 54.6% share for the region.

In second place was venture financing with 12 deals, followed by private equity deals with eight transactions, respectively capturing a 27.3% and 18.2% 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 $2.28bn, while private equity and venture financing deals totalled $630.13m and $182.95m, respectively.

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

The top five consumer cross border deals accounted for 90.5% of the overall value during May 2021.

The combined value of the top five consumer cross border deals stood at $2.8bn, against the overall value of $3.1bn recorded for the month.

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

1) Mondelez International’s $2bn acquisition of Chipita

2) The $460.13m private equity deal with Travis Perkins Plumbing & Heating by H.I.G. Capital

3) Saputo ’s $155.03m acquisition of Bute Island Foods and Wisconsin Specialty Protein

4) The $126.78m private equity deal with Edgar Suites by BC Partners

5) Alpha Intelligence Capital , AXA Venture Partners , Balderton Capital , Bpifrance Large Venture , Holding Italiana Quattordicesima , Iris Capital and Raise Ventures ‘ venture financing of Virtuo Technologies for $60m.