Deals
Deal activity by volume related to Internet of Things decreased by 14% year-on-year in 2023 in the packaging industry
Credit: Bert van Dijk/Getty images.
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Analysis of the key themes driving deal activity reveals that Internet of Things accounted for 74 packaging deals between 2019 and 2023, worth a total value of $8,462m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships.
The $2.8bn private equity issue by Koninklijke Philips to EXOR was the largest disclosed deal in 2023.
In volume terms, Internet of Things related deal activity decreased by 14% year-on-year in 2023 and by 18% year-on-year in 2022.
Deal activity related to Internet of Things in the global packaging industry in the last five years
Top deals related to Internet of Things in the packaging industry in the last five years
Deal volume by deal type for Internet of Things related deals in the packaging industry in the last five years
Venture financing accounted for the highest number of deals in the last five years, with 39 deals, followed by Acquisition (17 deals), and Partnership (9 deals).
Top financial advisors for Internet of Things related deals by value in the packaging industry in the last five years
The top financial advisors supporting deals related to Internet of Things in the packaging industry in the last five years in terms of value were Evercore, J.P. Morgan Private Bank, Morgan Stanley Asia Singapore, UBS Group, and Raymond James & Associates.
Top legal advisors for Internet of Things related deals by value in the packaging industry in the last five years
The top legal advisors supporting deals related to Internet of Things in the packaging industry in the last five years in terms of value were Allen & Gledhill, Baker & McKenzie, Cooley, Hughes Hubbard & Reed, and Jones Day.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals database provides comprehensive coverage across industries tracking market activity of global mergers & acquisitions, including asset acquisitions/divestments; private equity deals (PE); venture finance deals (VC); equity offerings, including IPOs, follow-on offerings, and private placements; debt offerings, including private placements, ESG bonds and loans; partnerships; and licensing agreements.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumored deals.
