1. Deals Analysis
February 23, 2022

North America’s consumer industry saw a drop of 7.14% in cross border deal activity during January 2022

By Carmen

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

Verdict deals analysis methodology

This analysis considers only announced and completed cross border 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.

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