Asia-Pacific’s consumer industry saw a drop of 22.22% in cross border 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.
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A total of 21 consumer industry cross border deals worth $1.2bn were announced for the region in August 2022, against the 12-month average of 27 deals.
Of all the deal types, venture financing saw most activity in August 2022 with 11 transactions, representing a 52.4% share for the region.
In second place was M&A with eight deals, followed by private equity deals with two transactions, respectively capturing a 38.1% and 9.5% share of the overall cross border deal activity for the month.
In terms of value of cross border deals, M&A was the leading category in Asia-Pacific’s consumer industry with $1.04bn, followed by venture financing deals totalled $156.7m.
Asia-Pacific consumer industry cross border deals in August 2022: Top deals
The top five consumer cross border deals accounted for 97.5% of the overall value during August 2022.
The combined value of the top five consumer cross border deals stood at $1.16bn, against the overall value of $1.2bn recorded for the month.
The top five consumer industry cross border deals of August 2022 tracked by GlobalData were:
1) Cooke’s $1.01bn acquisition deal with Tassal Group
2) The $65.5m venture financing of Oatside by GGV Capital and Temasek Holdings (Private)
3) GIC’s $50m venture financing deal with Hector Beverages
4) The $26.27m acquisition of Le Coq Sportif (Ningbo) by Descent
5) DSG Consumer Partners, Sauce.vc, Singularity Growth Opportunities Fund and Trifecta Capital Advisors’s $11m venture financing deal with XYXX ApparelsLtd
