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Top Global M&A Deals 2023: Consumer Products and Services Industry

November 20, 2023

Welcome to the Institute for Mergers, Acquisitions, and Alliances’ overview of the Top Global M&A Deals 2023: Consumer Products and Services Industry. This is your essential guide to the deals that are shaping this vital sector. From iconic household names redefining their business models to up-and-coming brands striving for market share, our monthly report captures the transformative activities in a sector that touches our daily lives in myriad ways.

In a world where consumer tastes can shift as quickly as social media trends, the consumer products and services industry faces the Herculean task of staying relevant. Traditional methods of product development and distribution are being supplanted by technology-driven paradigms, making mergers and acquisitions (M&A) an increasingly important tool for companies looking to adapt and grow. Whether it’s by acquiring the technological prowess to advance into e-commerce or forming strategic alliances to synergize online and offline retail experiences, M&A activities serve as both a mirror and a map to the industry’s evolving landscape.

The consumer products and services industry is incredibly diverse, ranging from food and beverages to fashion, cosmetics, and home goods. However, the unifying theme across all these categories is the focus on satisfying a broad range of consumer needs and wants, often driven by technological and societal changes.

As you explore our 2023 report on consumer goods M&A, you’ll discover a monthly breakdown of the top deals, offering insights into how the sector is rapidly adapting to consumer preferences, technological advances, and evolving market dynamics.

Whether you’re a seasoned industry professional, an investor, or simply curious about the mechanics of the consumer world, our platform delivers a front-row seat to the ongoing transformation shaping the future of consumer products and services through the lens of M&A.

July

Deal 1: Valentino S.p.A. (Italy) was acquired by Kering SA (France) for $1.87 billion USD.
Deal 2: Costa Group Holdings Limited (Australia) was acquired by Paine Schwartz Partners, LLC (United States) for $1.09 billion USD.
Deal 3: Kerecis, LLC (United States) was acquired by Coloplast A/S (Denmark) for $1.30 billion USD.
Deal 4: Cora and Match assets in France (France) was acquired by Carrefour SA (France) for $1.17 billion USD.
Deal 5: ZF Chassis Modules GmbH (Germany) was acquired by Hon Hai Precision Industry Co., Ltd. (Taiwan) for $1.11 billion USD.

August

Deal 1: Capri Holdings Limited (British Virgin Islands) was acquired by Tapestry, Inc. (United States) for $8.50 billion USD.
Deal 2: Abcam plc (United Kingdom) was acquired by Danaher Corporation (United States) for $5.89 billion USD.
Deal 3: Sovos Brands, Inc. (United States) was acquired by Campbell Soup Company (United States) for $3.00 billion USD
Deal 4: Exor N.V.(Netherlands) was acquired by Koninklijke Philips N.V. (Netherlands) for $2.73 billion USD.
Deal 5: Coca-Cola Beverages Philippines, Inc. (Philippines) was acquired by Aboitiz Equity Ventures, Inc. (Philippines); Coca-Cola Europacific Partners PLC (United Kingdom) for $1.80 billion USD.

September

Deal 1: Hostess Brands, Inc. (United States) was acquired by The J. M. Smucker Company (United States) for $5.60 billion USD.
Deal 2: Select Stores, Distribution Centers, Offices & Private Label Brands of Kroger and Albertsons (United States) was acquired by C&S Wholesale Grocers, Inc. (United States) for $1.90 billion USD.
Deal 3: Jim Koons Management Co Inc. (United States) was acquired by Asbury Automotive Group, LLC (United States) for $1.20 billion USD
Deal 4: Chico’s FAS, Inc. (United States) was acquired by Sycamore Partners Management, L.P. (United States) for $1.00 billion USD.
Deal 5: Pendragon PLC (United Kingdom) was acquired by AutoNation, Inc. (United States) for $0.54 billion USD.

October

Deal 1: Vitesco Technologies Group Aktiengesellschaft (Germany) was acquired by Schaeffler AG (Germany) for $3.80 billion USD.
Deal 2: Substantially All of the Over-the-Counter Business of Viatris Inc.(United States) was acquired by Cooper Consumer Health SAS (France) for $2.17 billion USD.
Deal 3: Sporting Products Segment Business of Vista Outdoor Inc. (United States) was acquired by CZECHOSLOVAK GROUP a.s. (Czech Republic) for $1.91 billion USD
Deal 4: Paragon Medical, Inc.(United States) was acquired by AMETEK, Inc.(United States) for $1.90 billion USD.
Deal 5: Almacenes Éxito S.A. (Colombia) was acquired by Super Selectos El Salvador (El Salvador) for $1.18 billion USD.

November

Deal 1: Adevinta ASA (Norway) was acquired by General Atlantic Service Company L.P. (United States), Permira Advisers Ltd. (United Kingdom), and The Blackstone Group International Partners LLP (United Kingdom) for $13.10 billion USD.
Deal 2: ImmunoGen, Inc. (United States) was acquired by AbbVie Inc. (United States) for $10.10 billion USD.
Deal 3: Hulu, LLC (United States) was acquired by The Walt Disney Company (United States) for $8.60 billion USD.
Deal 4: Taisho Pharmaceutical Holdings Co., Ltd. (Japan) was acquired by Otemon Co., Ltd. (Japan) for $4.75 billion USD.
Deal 5: Six Flags Entertainment Corporation (United States) was acquired by Cedar Fair, L.P. (United States) for $1.90 billion USD.

December

Deal 1: Shinko Electric Industries Co., Ltd. (Japan) was acquired by Dai Nippon Printing Co., Ltd. (Japan), Mitsui Chemicals, Inc. (Japan), and JIC Capital Co., Ltd. (Japan) for $4.71 billion USD.
Deal 2: Paraná Forestry Operation Of Celulosa Arauco y Constitución S.A. (Brazil) was acquired by Klabin S.A. (Brazil) for $1.16 billion USD.
Deal 3: Azure Minerals Limited (Australia) was acquired by Hancock Prospecting Pty Ltd (Australia), and Sociedad Química y Minera de Chile S.A. (Chile) for $1.15 billion USD.
Deal 4: La Colombe Torrefaction, INC. (United States) was acquired by Chobani Inc. (United States) for $0.90 billion USD.
Deal 5: Rocco Forte Hotels Limited (United Kingdom) was acquired by Public Investment Fund (Saudi Arabia ) for $0.75 billion USD.