India’s consumer industry sees a drop of 16.05% in deal activity in Q1 2020

30 April 2020 (Last Updated May 8th, 2020 13:58)

India’s consumer industry sees a drop of 16.05% in deal activity in Q1 2020

India’s consumer industry saw a drop of 16.05% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 68 deals worth $841.81m were announced in Q1 2020, compared to the last four-quarter average of 81 deals.

Venture financing was the leading category in the quarter with 49 deals which accounted for 72.1% of all deals.

In second place was M&A with 16 deals, followed by private equity with three transactions, respectively accounting for 23.5% and 4.4% of overall deal activity in the country’s consumer industry during the quarter.

In terms of value of deals, M&A was the leading deal category in India’s consumer industry with total deals worth $550.95m, while private equity and venture financing deals totalled $161.71m and $129.15m, respectively.

India consumer industry deals in Q1 2020: Top deals

The top five consumer deals accounted for 57.2% of the overall value during Q1 2020.

The combined value of the top five consumer deals stood at $481.84m, against the overall value of $841.81m recorded for the quarter.

The top five consumer industry deals of Q1 2020 tracked by GlobalData were:

1) SoftBank Vision Fund’s $150m venture financing of BrainBees Solutions

2) The $105m venture financing of WickedRide Adventure Services by Accel, B Capital Group, Bruno Raschle, Chiratae Ventures, Falcon Edge Capital, IDG Ventures India AdvisorsLtd., Maverick Capital, Omidyar Network, Qualcomm Ventures, SEI Investments, Sequoia Capital Operations and Vistra ITCL (India)

3) SNJ Distilleries’ $84.83m acquisition of Empee Distilleries

4) The $82.02m private equity deal with Golden Jubilee Hotels Pvt. by The Blackstone Group

5) EDB Investment, Tahoe Investment Group, KHARIS CAPITAL, Mercer (Singapore) and Nicholas Cator’s venture financing of Home Interior Designs E-commerce for $60m.

Verdict deals analysis methodology

This analysis considers only announced and completed 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.