US consumer cross border deals in Q1 2021: Deals Analysis
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US consumer sees a rise of 60% in cross border deal activity in Q1 2021

11 May 2021 (Last Updated May 11th, 2021 16:40)

Led by $4.3bn private equity deal with Nestle Waters North America, the US consumer industry saw a rise of 60% in overall cross border deal activity during Q1 2021, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 68 cross border deals worth $12.23bn were announced in Q1 2021, compared with the last four-quarter average of 42.50 deals.

M&A was the leading category in the quarter with 47 cross border deals which accounted for 69.1% of all deals.

In second place was venture financing with 15 deals, followed by private equity with six transactions, respectively accounting for 22.1% and 8.8% of overall cross border deal activity in the US consumer industry during the quarter.

In terms of value of cross border deals, M&A was the leading deal category in the US consumer industry with total deals worth $5.91bn, while private equity and venture financing deals totalled $5.6bn and $718.9m, respectively.

US consumer industry cross border deals in Q1 2021: Top deals

The top five consumer industry cross border deals accounted for 76.1% of the overall value during Q1 2021.

The combined value of the top five consumer cross border deals stood at $9.3bn, against the overall value of $12.23bn recorded for the quarter.

The top five consumer industry cross border deals of Q1 2021 tracked by GlobalData were:

1) Metropoulos and One Rock Capital Partners’ $4.3bn private equity deal with Nestle Waters North America

2) The $3.3bn acquisition of GE Appliances by AB Electrolux

3) Partners Group’s $1.3bn acquisition of Strategic Partners

4) The $204.16m private equity deal with ASV Group by Evergreen Hospitality

5) Charlesbank Capital Partners, Qatar Investment Authority and Vulcan Capital Management’s asset transaction with Eat JUST for $200m.

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.