Total consumer industry cross border deals worth $4.5bn were announced globally for October 2022, with the China Resources Beer (Holdings)’s $1.55bn acquisition deal for 50% stake in Guizhou Jinsha Ancient Wine Wine Industry being the sector’s biggest investment, according to GlobalData’s deals database.
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The value marked a decrease of 1.1% over the previous month of $4.56bn and a drop of 55.7% when compared with the last 12-month average of $10.17bn.
In terms of number of cross border deals, the sector saw a drop of 42.86% with 76 deals in October 2022 when compared to the last 12-month average of 133 deals.
In value terms, Asia-Pacific led the activity with cross border deals worth $1.67bn in October 2022.
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By GlobalDataConsumer industry cross border deals in October 2022: Top deals
The top five cross border deals accounted for 84.2% of the overall value during October 2022.
The combined value of the top five cross border deals stood at $3.79bn, against the overall value of $4.5bn recorded for the month.
The top five consumer industry cross border deals of October 2022 tracked by GlobalData were:
1) China Resources Beer (Holdings)’s $1.55bn acquisition deal for 50% stake in Guizhou Jinsha Ancient Wine Wine Industry
2) The $1.2bn acquisition of Gelnex Industria e Comercio by Darling Ingredients
3) Lamb Weston Holdings’s $686.16m acquisition deal for 50% stake in Lamb Weston Meijer VOF
4) The $200m acquisition of 84% stake in Denali Ingredients by Orkla Food Ingredients
5) Andreessen Horowitz and Premji Invest’s $154m venture financing deal with TripActions