2012 represented a cautious deal market in consumer goods, reflecting the back-drop of uncertain economic conditions and in many situations there being a gap in price expectations.
Deals in emerging markets continued to grow and overseas investors in Europe also increased, with Japan, US and China being the most active buyers overall in 2012.
The volume of UK deals was down on the prior year, although deals in the food sector, which continue to be an attractive sector to investors, was up compared to 2011, with many household brands changing hands.
The key challenges facing consumer goods companies currently include:
Whatever happens in 2013, it is likely to present both challenges and opportunities to consumer goods companies, and how they respond will be critical to their success.