North America’s consumer industry saw a rise of 3.85% in cross border deal activity during September 2021, when compared with the last 12-month average, led by Cascade Investment’s $2.21bn private equity deal for 23.75% stake in Four Seasons Hotels and Resorts, according to GlobalData’s deals database.
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A total of 27 consumer industry cross border deals worth $5.3bn were announced for the region in September 2021, against the 12-month average of 26 deals.
Of all the deal types, venture financing saw most activity in September 2021 with 13 transactions, representing a 48.2% share for the region.
In second place was M&A with ten deals, followed by private equity deals with four transactions, respectively capturing a 37.04% and 14.8% 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 $3.21bn, while M&A and venture financing deals totalled $1.4bn and $698.1m, respectively.
North America consumer industry cross border deals in September 2021: Top deals
The top five consumer cross border deals accounted for 92.5% of the overall value during September 2021.
The combined value of the top five consumer cross border deals stood at $4.91bn, against the overall value of $5.3bn recorded for the month.
The top five consumer industry cross border deals of September 2021 tracked by GlobalData were:
1) Cascade Investment $2.21bn private equity deal for 23.75% stake in Four Seasons Hotels and Resorts
2) The $1bn private equity of Florida Food Products by Ardian
3) Domestic Group $900m acquisition deal with Igloo Products
4) The $453m acquisition of First Choice Ingredients by Royal DSM
5) Canada Pension Plan Investment Board,Robert Allen Iger and Temasek Investments $350m venture financing deal with Perfect Day
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.