DEALS ANALYSIS
Asia-Pacific shows growth amidst decline across most regions for packaging deals
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Deals activity by geography
Packaging industry deals, as captured by GlobalData’s Packaging Intelligence Centre, are down year-on-year (YoY) across the majority of regions.
South and Central America has seen the biggest drop, with the volume of deals down -40.83% YoY. North America is leading in terms of deals value, but the volume of deals is also down -15.57% YoY. The volume of deals recorded by GlobalData also dropped YoY in Europe (-3.43%) and Middle East and Africa (-25%).
Although Asia-Pacific, ranking third in terms of deal value, saw a slight increase of 8.71% in deals volume.
Deals activity by theme
GlobalData’s analysis of packaging industry deals by theme shows that investing in Future of Work practises has seen a strong start in terms of deal volumes year on year. This is understandable, as companies have shifted to remote operations in response to the Covid-19 pandemic.
| Deals value by theme | 2020 | 2021 |
| Future of Work | $2,783.3m | $124.6m |
| Cyber Security | – | $100m |
| 3D Printing | – | $100m |
| Artificial Intelligence | $16.8m | $15.5m |
Deals activity by type
| Deal type | Total deal value ($m) | Total Deal Count | YOY change (volume) |
| Acquisition | 367,238 | 3,556 | 72.52% |
| Asset Transaction | 65,616 | 1,008 | -24.2% |
| Private Equity | 137,288 | 819 | 136.74% |
| Equity Offering | 81,124 | 705 | 61.39% |
| Debt Offering | 290,810 | 639 | -16.54% |
| Partnership | 42 | 412 | – |
| Venture Financing | 1,221 | 162 | 0.64% |
| Merger | 27,517 | 83 | -49.74% |
A breakdown of deals by type and volume shows huge growth in private equity deals (136.74%) YoY, while equity offerings and acquisitions are similarly up 72.52% and 61.39% respectively, and venture financing is showing slight YoY growth of 0.64%. Debt offerings have decreased -16.54%, asset transactions have similarly declined YoY by -24.2%. Mergers are down by almost half YoY, at -49.74%.
Note: All numbers as of April 2021. Deals captured by GlobalData cover M&As, partnerships and capital raisings.
For more insight and data, visit GlobalData's Packaging Intelligence Centre.
Latest deals in brief
Mondi may acquire DS Smith for $7bn
According to Bloomberg, Mondi Plc, a company engaged in the manufacturing of corrugated packaging products, uncoated fine paper, packaging paper, and flexible packaging products, may acquire DS Smith Plc, a manufacturer of corrugated packaging and paper products. Both the companies involved in this transaction are based in the UK. Reportedly, the transaction is worth $7bn.
Stevanato Group may raise up to $5bn in IPO
Stevanato Group, a manufacturer of glass vials for Covid-19 vaccines and other healthcare products, intends to raise minimum gross proceeds of $4bn and maximum gross proceeds of up to $5bn, in an initial public offering (IPO), according to people familiar with the matter. Reportedly, Bank of America and Morgan Stanley are among the banks appointed for the stock market listing.
CKPS Capital to acquire EMEA food and consumer packaging business from Crown Holdings
KPS Capital Partners LP, a private equity firm, has has signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol, and promotional packaging business of Crown Holdings Inc, a provider of packaging solutions, for €2.25bn. Both companies involved in the transaction are based in the US.
China Jianyin Investment may sell SGD
According to people familiar with the matter, China Jianyin Investment Co., Ltd., a China based integrated investment group, may sell SGD S.A., a France based designer, manufacturer and distributor of glass containers, for more than €1bn ($1.18bn). Reportedly, China Jianyin Investment, has appointed Bank of America to look for a potential buyer for SGD.
Ardagh Metal Packaging to merge with Gores Holdings V
Gores Holdings V, Inc., a special purpose acquisition company sponsored by an affiliate of The Gores Group, announced that they have entered into a definitive business combination agreement under which Gores Holdings V will combine with Ardagh Metal Packaging S.A. (AMP) to create an independent public company.
The Company intends to apply to list its shares on the New York Stock Exchange under the new ticker symbol “AMBP”. Ardagh will retain an approximately 80% stake in AMP and receive up to $3.4bn in cash in the transactions.
Ardagh Metal Packaging prices $1.05bn offering of 4.000% senior notes offering due 2029
Ardagh Metal Packaging S.A., a Luxembourg-based supplier of sustainable beverage cans, has priced the bond financing of $1.05bn senior notes due 2029. The notes carry a a coupon rate of 4.000%.
