Analysis of the key themes driving M&A activity reveals that advanced materials accounted for 4 paper & packaging deals announced in Q3 2023, worth a total value of $19.9bn. The $19.9bn merger of Smurfit Kappa Group and Westrock and Green Home Products was the industry’s largest disclosed deal. GlobalData’s Packaging Industry Mergers and Acquisitions Deals by Top Themes report for Q3 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.
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In value terms, advanced materials-related deal activity increased by 198900% in Q3 2023 compared with the previous quarter’s total of $10m and rose by 12644% as compared to Q3 2022. Related deal volume increased by 100% in Q3 2023 versus the previous quarter and was 43% lower than in Q3 2022.
The top-ranked financial advisors supporting these M&A deals in Q3 2023 were Citigroup; Evercore; Lazard with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q3 2023 were Blank Rome; CMS Legal Services EEIG; Cravath, Swaine & Moore with 1, 1, 1 deals respectively.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
