North America’s consumer industry saw a rise of 9.52% in cross border deal activity during August 2021, when compared with the last 12-month average, led by PAI Partners’ $3.3bn acquisition of PepsiCo, according to GlobalData’s deals database.
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A total of 23 consumer industry cross border deals worth $3.8bn were announced for the region in August 2021, against the 12-month average of 21 deals.
Of all the deal types, M&A saw most activity in August 2021 with ten transactions, representing a 43.5% share for the region.
In second place was venture financing with nine deals, followed by private equity deals with four transactions, respectively capturing a 39.1% and 17.4% 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 $3.3bn, while M&A and venture financing deals totalled $310.97m and $176.38m, respectively.
North America consumer industry cross border deals in August 2021: Top deals
The top five consumer cross border deals accounted for 97.1% of the overall value during August 2021.
The combined value of the top five consumer cross border deals stood at $3.68bn, against the overall value of $3.8bn recorded for the month.
The top five consumer industry cross border deals of August 2021 tracked by GlobalData were:
1) PAI Partners $3.3bn private equity deal with PepsiCo
2) The $120m acquisition of Leef Holdings by Icanic BrandsInc
3) 7-Eleven,Dave Burwick,Dave Peacock,Doss Cunningham,Durable Capital Partners and LivWell Ventures $106m venture financing deal with Kitu Life
4) The $100m acquisition of 56% stake in Boinca by LG Household & Health Care
5) CPT Capital,Cult Capital,Obvious Ventures,PowerPlant Partners and Stray Dog Capital $52m venture financing deal with Miyoko’s Kitchen
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.