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Consumer Products Deals Quarterly - Q3 2011 - Volume declines, but deal values rise - EY - Global

Consumer Products Deals Quarterly: Q3 2011

Volume declines, but deal values rise

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SABMiller’s purchase of Foster’s for US$10.8b helped push Q3 11 total deal value to US$29.9b.

Deal volumes decreased by 9% (30 deals) in Q3 11 from Q2 11, with activity declining in both the HPC and food sectors.

The slackening in the pace of deal activity pulled down the four-period long-term moving average, but only by two deals (to 306 from 308). Both corporate and private equity deal volumes declined during the third quarter.

Deal Volumes, Q4 08 to Q3 11


Deal volumes, Q4 08 to Q3 11

Source: EY’s analysis of FactSet Mergerstat data from Q4 08 to Q3 11.
*LTM = Last twelve months


Beverage bucked the trend, recording an 11% increase and providing the quarter’s only megadeal, which helped increase Q3 11 total deal disclosed value to US$29.9b from US$12.1b in Q2 11.

SABMiller megadeal boosts total deal value

SABMiller’s purchase of Foster’s for US$10.8b helped push Q3 11 total deal value to US$29.9b, a 146% increase on Q2 11.

However, even if this megadeal is excluded, total disclosed deal value rose from US$12.1b in Q2 11 (in which there were no megadeals) to US$19.1b in Q3 11, a 57% increase. Of the 293 total announced deals, 127 (43%) have disclosed values, compared with 117 of 323 (36%) in Q2 11. Average disclosed deal value also rose, to US$235m (an increase of 146%).

Disclosed deal values, Q4 08 to Q3 11


Disclosed deal values, Q4 08 to Q3 11

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


 

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Consumer Products Deals Quarterly: Q3 2011

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