Transactions that move the retail, consumer and leisure industries

PwC Consumer Markets M&A Deals newsletter October 2023

PwC Consumer Markets M&A Deals Newsletter October 2023
  • Publication
  • 22 Nov 2023

After strong gains in shares in the first half of 2023, global equities posted a negative return in Q3. Government bonds saw declines as yields rose during the quarter. Commodities were a notable outperformer, with energy gaining value amid oil production cuts from Saudi Arabia and Russia.

Eurozone shares fell amid concerns about the negative effects of interest rate increases on economic growth. However, data released at the very end of the period showed eurozone inflation slowed to a two-year low of 4.3 per cent in September, down from 5.2 per cent in August. This could pave the way for the European Central Bank to put an end to interest rate increases.

For M&A, deal activity in September involved 94 deals in total; that’s an increase of 35 deals year on year. A couple of the notable ones are:

  • Alpha Wave Global LP, Mubadala Investment Company PJSC and Chimera Capital acquired a twelve per cent stake in Aman Group Sarl
  • Global Investment Holding Ltd. acquired a thirty per cent stake in Eastern Co SAE
  • A twenty per cent stake in Getir Perakende Lojistik A.S. was acquired by Revo Capital, Michael Moritz (private investor), Mubadala Capital and G Squared Capital LLP

Read more in the October edition of our monthly newsletter

Contact

Wilmer Kloosterziel

Wilmer Kloosterziel

Partner, PwC Netherlands

Tel: +31 (0)61 386 40 62

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