India’s consumer industry saw a drop of 20% in overall deal activity during Q4 2018, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 44 deals worth $890.05m were announced in Q4 2018, compared to the last four-quarter average of 55 deals.

Venture financing was the leading category in the quarter with 25 deals which accounted for 56.8% of all deals.

In second place was M&A with 14 deals, followed by private equity with five transactions, respectively accounting for 31.8% and 11.4% 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 $636.58m, while private equity and venture financing deals totalled $153.85m and $99.62m, respectively.

India consumer industry deals in Q4 2018: Top deals

The top five consumer deals accounted for 90.9% of the overall value during Q4 2018.

The combined value of the top five consumer industry deals stood at $808.77m, against the overall value of $890.05m recorded for the quarter. The top announced India consumer industry deal tracked by GlobalData in Q4 2018 was Zydus Wellness’ $624.92m acquisition of Heinz India.

In second place was the $96.46m private equity deal with Ban Labs by True North Capital and in third place was Lighthouse India Fund III’s $35.5m private equity deal with Aqualite Industries.

The $30m venture financing of Droom Technology by Joe Hirao and Lighthouse Advisors India’s private equity deal with Duroflex for $21.89m held fourth and fifth positions, respectively.

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.

Verdict makes every effort to ensure the accuracy of its deals information. If you spot a mistake, or would like to notify us of a deal which should be included in this analysis, please email us at deals@globaldata.com

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.