An expanding middle class and a boom in household incomes are what make BRIC nations like Russia and Brazil prime locales for activity in consumer sector mergers and acquisitions, says Gar Bason, global co-head of M&A at law firm Davis Polk & Wardwell LLP. In this video interview with The Deal Pipeline, Bason discusses the industries that are seeing a lot of dealflow in the consumer space -- including food and beverage and sporting goods -- as well as what direction he thinks consumer sector M&A deals are heading. For more on consumer sector activity in emerging markets, watch "Consumer deals catch fire in Brazil," The Deal Pipeline's video interview with Thomas Bonney of CMF Associates regarding the rise of private equity investment in Brazil. - Sarah Hashim-Waris