India’s consumer industry sees a drop of 21.8% in deal activity in Q2 2020

4 August 2020 (Last Updated August 4th, 2020 15:33)

India’s consumer industry sees a drop of 21.8% in deal activity in Q2 2020

India’s consumer industry saw a drop of 21.8% in overall deal activity during Q2 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 61 deals worth $4.14bn were announced in Q2 2020, compared to the last four-quarter average of 78 deals.

Venture financing was the leading category in the quarter with 43 deals which accounted for 70.5% of all deals.

In second place was M&A and private equity with nine deals each, accounting for 14.8% respectively 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 $3.39bn, while private equity and venture financing deals totalled $442.18m and $313.22m, respectively.

India consumer industry deals in Q2 2020: Top deals

The top five consumer deals accounted for 8.5% of the overall value during Q2 2020.

The combined value of the top five consumer deals stood at $352.47m, against the overall value of $4.14bn recorded for the month.

The top five consumer industry deals of Q2 2020 tracked by GlobalData were:

1) CA Harbor Investments’ $242.36m private equity deal with SeQuent Scientific

2) The $42.88m venture financing of MXC Solutions India by Highdell Investment, Macritchie Investments Pte. and MCP3 SPV

3) Neoplux, Sequoia India, Sixth Sense Ventures and Sofina’s $30m private equity deal with B9 Beverages

4) The $20m venture financing of B9 Beverages by Sequoia Capital Operations and Sofina

5) United Farmers Investment’s private equity deal with Daawat Foods for $17.23m.

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.