In the global packaging industry, there were 31 M&A deals announced in Q4 2023, worth a total value of $593.8m, according to GlobalData’s Deals Database. The $500.5m acquisition of Jeonju One Power and Jeonju Paper by Taelim Paper was the industry’s largest disclosed deal. GlobalData’s Packaging Industry Mergers and Acquisitions Deals by Top Themes report for 2023 uncovers the dominant drivers behind the M&A landscape in the Packaging sector, delivering crucial insights into industry dynamics and shifts. Buy the report here.
In value terms, M&A activity decreased by 97% in Q4 2023 compared with the previous quarter’s total of $20.1bn and fell by 81% as compared to Q4 2022. Related deal volume decreased by 16% in Q4 2023 versus the previous quarter and was 26% lower than in Q4 2022.
Notably, foreign direct investments (fdi)-related deals accounted for a 42% share of the global packaging industry’s M&A activity in Q4 2023, up 24% over the previous quarter.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Clearwater International; Toronto-Dominion Bank; WBC Holdings with 3, 2, 2 deals respectively.
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The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Kirkland & Ellis; Baker & McKenzie; Dechert with 3, 2, 2 deals respectively.
For further understanding of GlobalData's Packaging Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.
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