Europe’s packaging industry sees a drop of 12.5% in deal activity in Q3 2020

18 November 2020 (Last Updated November 18th, 2020 19:50)

Europe’s packaging industry sees a drop of 12.5% in deal activity in Q3 2020

Europe’s packaging industry saw a drop of 12.5% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 28 deals worth $2.13bn were announced for the region during Q3 2020, against the last four-quarter average of 32 deals.

Of all the deal types, M&A saw most activity in Q3 2020 with 20, representing a 71.4% share for the region.

In second place was private equity with six deals, followed by venture financing deals with two transactions, respectively capturing a 21.4% and 7.1% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s packaging industry with $2.11bn, while venture financing deals totalled $20.04m.

Europe packaging industry deals in Q3 2020: Top deals

The top five packaging deals accounted for 99.1% of the overall value during Q3 2020.

The combined value of the top five packaging deals stood at $2.11bn, against the overall value of $2.13bn recorded for the quarter.

The top five packaging industry deals of Q3 2020 tracked by GlobalData were:

1) Covestro’s $1.87bn asset transaction with Royal DSM

2) The $137.7m acquisition of Gallus by Benpac

3) Sonoco Products’ $49.11m acquisition of Can Packaging

4) The $36m acquisition of Graphic West International by CCL Industries

5) Planet First Partners’ venture financing of Polymateria for $18.85m.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.