1. Deals Analysis
December 30, 2020

North America’s consumer industry saw a rise of 16.67% in cross border deal activity during November 2020

North America’s consumer industry saw a rise of 16.67% in cross border deal activity during November 2020, when compared with the last 12-month average, led by Apollo Global Management’s $2.53bn acquisition of Great Canadian Gaming, according to GlobalData’s deals database.

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A total of 21 consumer industry cross border deals worth $4.91bn were announced for the region in November 2020, against the 12-month average of 18 deals.

Of all the deal types, M&A saw most activity in November 2020 with 13 transactions, representing a 61.9% share for the region.

In second place was private equity with six deals, followed by venture financing deals with two transactions, respectively capturing a 28.6% and 9.5% share of the overall cross border deal activity for the month.

In terms of value of cross border deals, private equity was the leading category in North America’s consumer industry with $2.89bn, while M&A and venture financing deals totalled $2.02bn and $2.68m, respectively.

North America consumer industry cross border deals in November 2020: Top deals

The top five consumer cross border deals accounted for 89.7% of the overall value during November 2020.

The combined value of the top five consumer cross border deals stood at $4.41bn, against the overall value of $4.91bn recorded for the month.

The top five consumer industry cross border deals of November 2020 tracked by GlobalData were:

1) Apollo Global Management’s $2.53bn private equity deal with Great Canadian Gaming

2) The $800m acquisition deal with Salsas de Jalisco Cacu by McCormick &Inc

3) De’Longhi’s $420m acquisition of Capital Brands

4) The $352.69m private equity deal with Dorel Industries by Cerberus Capital Management, Jeffrey Schwartz and Martin Schwartz

5) Aphria’s acquisition of SweetWater BrewingInc for $300m.

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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