Asia-Pacific’s consumer industry saw a drop of 25.81% in cross border deal activity during September 2022, when compared with the last 12-month average, led by PAG Asia Capital’s $472m private equity deal for stake in Patties Foods and Vesco Foods, according to GlobalData’s deals database.
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A total of 23 consumer industry cross border deals worth $922.5m were announced for the region in September 2022, against the 12-month average of 31 deals.
Of all the deal types, venture financing saw most activity in September 2022 with 11 transactions, representing a 47.8% share for the region.
In second place was M&A with ten deals, followed by private equity deals with two transactions, respectively capturing a 43.5% and 8.7% share of the overall cross border deal activity for the month.
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By GlobalDataIn terms of value of cross border deals, private equity was the leading category in Asia-Pacific’s consumer industry with $512m, while venture financing and M&A deals totalled $338.49m and $71.95m, respectively.
Asia-Pacific consumer industry cross border deals in September 2022: Top deals
The top five consumer cross border deals accounted for 94.4% of the overall value during September 2022.
The combined value of the top five consumer cross border deals stood at $871.03m, against the overall value of $922.5m recorded for the month.
The top five consumer industry cross border deals of September 2022 tracked by GlobalData were:
1) PAG Asia Capital’s $472m private equity deal with Patties Foods and Vesco Foods
2) The $300m venture financing of PT Traveloka Indonesia by Allianz Global Investors, BlackRock Capital Investment, Indonesia Investment Authority and Orion Capital Asia
3) Affirma Capital’s $40m private equity deal with Epack Durable
4) The $39.03m acquisition of Asian Alcohol by Victorias MillingInc
5) Hera Capital, ING Sustainable Investments, Mandala Capital, Openspace Ventures, PTT Public, Seeds Capital and Sumitomo’s $20m venture financing deal with Nutrition Technologies