Asia-Pacific’s consumer industry saw a drop of 20.17% in deal activity during August 2022

Asia-Pacific’s consumer industry saw a drop of 20.17% in deal activity during August 2022, when compared with the last 12-month average, led by Cooke’s $1.01bn acquisition of Tassal Group, according to GlobalData’s deals database.

A total of 95 consumer industry deals worth $1.5bn were announced for the region in August 2022, against the 12-month average of 119 deals.

Of all the deal types, venture financing saw most activity in August 2022 with 57 transactions, representing a 60% share for the region.

In second place was M&A with 32 deals, followed by private equity deals with six transactions, respectively capturing a 33.7% and 6.3% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s consumer industry with $1.1bn, while venture financing and private equity deals totalled $354.86m and $11.35m, respectively.

Asia-Pacific consumer industry deals in August 2022: Top deals

The top five consumer deals accounted for 88.9% of the overall value during August 2022.

The combined value of the top five consumer deals stood at $1.31bn, against the overall value of $1.5bn recorded for the month.

The top five consumer industry deals of August 2022 tracked by GlobalData were:

1) Cooke’s $1.01bn acquisition deal with Tassal Group

2) The $148.28m venture financing of Xiangdao Chuxing by Gaoxing Management Consulting, Momenta Group and SAIC Motor

3) GGV Capital and Temasek Holdings (Private)’s $65.5m venture financing deal with Oatside

4) The $50m venture financing of Hector Beverages by GIC

5) Tus Pharmaceutical Group’s $32.54m acquisition deal with Guangdong Xiantong Pharmaceutical

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