It will be interesting to see how markets and central banks react in the coming months. This will also influence our sector, not only from an M&A perspective but more broadly in discussions around labor costs, cost of living and consumer price levels.
For M&A, deal activity in June involved 112 deals in total; that’s an increase of 35 deals year-on-year. A couple of the notable ones are:
- Magnit PJSC and Magnit Alyans LLC acquired a ten per cent stake in Magnit PJSC
- Creed was acquired by Kering SA
- STS Holding SA was acquired by Entain plc and Entain Holdings (CEE) Ltd.
The most active sector (in number of deals) in June was Household & Personal Care as shown by Kicks Group AB being acquired by Matas A/S, Beauty International BV acquiring Henkel AG & Co KGaA’s diadermine brand, and Druni SA being acquired by Sonae MC - Modelo Continente, Sgps, S.A. and Casp family.
Read more in the July edition of our newsletter.
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