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Consumer Products Deals Quarterly - Q3 2011 - Japan leads surge in Asian deal activity - EY - Global

Consumer Products Deals Quarterly: Q3 2011

Japan leads surge in Asian deal activity

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Japan activity looks set to continue, as it is underpinned both by the weakness of the Japanese domestic market and the strength of the yen.

There were 133 cross-border deals in Q3 11, an increase of 10 deals (8%) compared with Q2 11, in contrast to the 9% fall in total deal volume. Asia-Pacific cross-border deal activity increased markedly in volume and value terms, both as buyer and seller.

One of the third quarter’s clearest geographic themes is the increase in cross-border buying activity in Asia Pacific, despite a decrease in the overall volume of deal activity.

Q3 11 deal volumes with Asia Pacific as the buyer region increased by 24% to 42 deals and as seller region by 28% to 41 deals.

Compared with the same period a year ago these deal volumes were 68% and 41% higher respectively.

Regional volume comparisons, Q4 08 to Q3 11


Regional volume comparisons, Q4 08 to Q3 11

Source: EY’s analysis of FactSet Mergerstat data from Q4 08 to Q3 11.


Asia Pacific buyer region Q3 11 deal values totaled US$7.8b and seller region US$16.3b, compared with US$0.7b and US$0.5b respectively in Q2 11. The US$16.3b seller region total represents 55% of total Q3 11 deal value.

Regional value comparisons (US$b), Q4 08 to Q3 11


Regional value comparisons (US$b), Q4 08 to Q3 11

Source: EY’s analysis of FactSet Mergerstat data from Q4 08 to Q3 11.


The top 10 deals contained two transactions in which Japanese beverage companies (Asahi and Kirin) made significant overseas acquisitions.

This activity looks set to continue, as it is underpinned both by the weakness of the Japanese domestic market and the strength of the yen.



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Consumer Products Deals Quarterly: Q3 2011

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