1. Deals Analysis
May 4, 2021

Middle East and Africa’s consumer industry saw a rise of 8.74% in deal activity in Q1 2021

Led by $204.16m asset transaction with ASV Group, Middle East and Africa’s consumer industry saw a rise of 8.74% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

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A total of 28 deals worth $721.63m were announced for the region during Q1 2021, against the last four-quarter average of 25.75 deals.

Of all the deal types, M&A saw most activity in Q1 2021 with 14 deals, representing a 50% share for the region.

In second place was venture financing with nine deals, followed by private equity deals with five transactions, respectively capturing a 32.1% and 17.9% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Middle East and Africa’s consumer industry with $645.83m, while venture financing and private equity deals totalled $67.8m and $8m, respectively.

Middle East and Africa consumer industry deals in Q1 2021: Top deals

The top five consumer deals accounted for an 88.6% share of the overall value during Q1 2021.

The combined value of the top five deals stood at $639.43m, against the overall value of $721.63m recorded for the quarter.

The top five consumer industry deals of Q1 2021 tracked by GlobalData were:

1) Evergreen Hospitality’s $204.16m asset transaction with ASV Group

2) The $200m acquisition of Third Milling by Al Ghurair Foods and Al Rajhi Holding Group

3) Agthia Group’s $107.3m acquisition of Nabil Foods

4) The $101.22m asset transaction deal with Teva Pharmaceutical Industries by Karo Pharma

5) ADM Capital, Archer Daniels Midland, Bits x Bites, Emerald Technology Ventures, Manta Ray Ventures, Rich Products, S2G Ventures, Tyson Foods and Unternehmensgruppe Theo Muller S.e.c.s.’s venture financing with Future Meat Technologies for $26.75m.

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.