1. Deals Analysis
July 22, 2021

Europe’s consumer industry saw a rise of 50.00% in cross border deal activity during June 2021

Europe’s consumer industry saw a rise of 50% in cross border deal activity during June 2021, when compared with the last 12-month average, led by Brunswick’s $1.05bn acquisition of Navico Holding, according to GlobalData’s deals database.

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A total of 54 consumer industry cross border deals worth $2.5bn were announced for the region in June 2021, against the 12-month average of 36 deals.

Of all the deal types, M&A saw most activity in June 2021 with 26 transactions, representing a 48.2% share for the region.

In second place was venture financing with 18 deals, followed by private equity deals with ten transactions, respectively capturing a 33.3% and 18.5% 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 $1.36bn, while venture financing and private equity deals totalled $893.7m and $236.55m, respectively.

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

The top five consumer cross border deals accounted for 88.5% of the overall value during June 2021.

The combined value of the top five consumer cross border deals stood at $2.2bn, against the overall value of $2.5bn recorded for the month.

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

1) Brunswick’s $1.05bn acquisition of Navico Holding

2) The $650m venture financing deal with FlixMobility by Baillie Gifford, BlackRock, Canyon Partners, General Atlantic, HV Capital Adviser, Permira Holdings, Silver Lake Partners and TCMI

3) Ares Management’s $215.96m private equity deal with Atletico HoldCo

4) The $183.16m acquisition of Always Pure Organics by ST Brands

5) The Kraft Heinz’s acquisition of Assanfoods for $100m.

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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