Deal activity by volume related to cloud increased by 122% year-on-year in 2022 in the packaging industry

Analysis of the key themes driving deal activity reveals that cloud accounted for 69 packaging deals between 2018 and 2022, worth a total value of $755m, according to GlobalData’s Deals database covering mergers and acquisitions, private equity, venture financing, equity offerings and partnerships. The $120m venture financing issue by GrubMarket was the largest disclosed deal in 2022, while the $264m acquisition of Flipkart Internet was the largest disclosed deal in 2021.  

In volume terms, cloud-related deal activity increased by 122% year-on-year in 2022 and by 80% in 2021.  

Venture financing accounted for the highest number of deals in the last five years, with 29 deals, followed by acquisitions (20 deals) and partnerships (10 deals).

The top financial advisors supporting deals related to cloud in the packaging industry in the last five years in terms of value were Lincoln International, Foresight Group, Sanne Group, Winterflood Investment Trusts, and Ambit Capital.

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.