Total consumer industry cross border deals worth $4.3bn were announced globally for August 2022, with the $1.01bn acquisition of Tassal Group being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked an increase of 111.3% over the previous month of $2.04bn and a drop of 58.6% when compared with the last 12-month average of $10.42bn.
In terms of number of cross border deals, the sector saw a drop of 40.00% with 66 deals in August 2022 when compared to the last 12-month average of 110 deals.
In value terms, Europe led the activity with cross border deals worth $2.03bn in August 2022.
Consumer industry cross border deals in August 2022: Top deals
The top five cross border deals accounted for 90.7% of the overall value during August 2022.
The combined value of the top five cross border deals stood at $3.91bn, against the overall value of $4.3bn 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 $950m private equity of TreeHouse Foods by Investindustrial
3) Entain’s $944.32m acquisition deal for 75% stake in SuperSport
4) The $900m private equity of Aman Group by Cain International and The Saudi Public Investment Fund
5) IOI Corp’s $104.51m acquisition deal with Bunge Loders Croklaan Group
