Total consumer industry M&A (mergers and acquisitions) in December 2019 were worth USD40.21bn were announced globally, according to GlobalData’s database.
The top five consumer industry M&A deals accounted for 86.1% of the overall value during the month. The combined value of the top five stood at USD34.69bn, against the overall value of USD40.21bn recorded for the month.
The second largest recorded deals was the USD4bn asset transaction with Nestle by ice cream company Froneri International.
The value marked an increase of 296.5% over the previous month and a rise of 114.1% when compared with the last 12-month average, which stood at USD18.78bn.
Comparing deals value in different regions of the globe, North America held the top position, with total announced deals in the period worth USD36.06bn. At the country level, the US topped the list in terms of deal value at USD33.58bn.
In terms of volumes, North America emerged as the top region for consumer industry M&A deals globally, followed by Europe and then Asia-Pacific. The top country in terms of M&A deals activity in December was the US with 82 deals, followed by the UK with 23 and Germany 12.
While the Nestle/Froneri transaction was the second largest during the period, by far the most considerable was the USD26.2bn merger of DuPoint Nutrition Biosciences and International Flavors & Flagrances. The third largest was Cineworld Group’s USD2.13bn acquisition of Cineplex.