North America’s consumer industry saw a drop of 7.14% in cross border deal activity during January 2022, when compared with the last 12-month average, led by Swedencare(publ)’s $447.5m acquisition of The Garmon, according to GlobalData’s deals database.
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A total of 26 consumer industry cross border deals worth $909.3m were announced for the region in January 2022, against the 12-month average of 28 deals.
Of all the deal types, venture financing saw most activity in January 2022 with 12 transactions, representing a 46.2% share for the region.
In second place was M&A with 11 deals, followed by private equity deals with three transactions, respectively capturing a 42.3% and 11.5% 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 North America’s consumer industry with $449.44m, while venture financing and private equity deals totalled $448.56m and $11.3m, respectively.
North America consumer industry cross border deals in January 2022: Top deals
The top five consumer cross border deals accounted for 88.9% of the overall value during January 2022.
The combined value of the top five consumer cross border deals stood at $808.5m, against the overall value of $909.3m recorded for the month.
The top five consumer industry cross border deals of January 2022 tracked by GlobalData were:
1) Swedencare(publ) $447.5m acquisition deal with The Garmon
2) The $130m venture financing of Oddity by Fidelity Management & Research,First Light Capital,Franklin Templeton Investments and Thomas Tal
3) DCVC Bio,Mirabaud Lifestyle Impact and Innovation fund (MLII),Novo Holdings,Prime Movers Lab and SK Networks $125m venture financing deal with Mycoworks
4) The $56m venture financing of Tecovas by Access Capital Partners,Elephant Venture Capital,Kemmons Wilson Companies and Seamless Capital
5) Shinsegae and Signite Partners $50m venture financing deal with Rael