China’s retail industry saw a drop of 34.3% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 23 deals worth $3.02bn were announced in Q1 2020, compared to the last four-quarter average of 35 deals.
M&A was the leading category in the quarter with 11 deals which accounted for 47.8% of all deals.
In second place was venture financing with ten deals, followed by private equity with two transactions, respectively accounting for 43.5% and 8.7% of overall deal activity in the country’s retail industry during the quarter.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in China’s retail industry with total deals worth $2.73bn, while private equity and venture financing deals totalled $191.35m and $105.42m, respectively.
China retail industry deals in Q1 2020: Top deals
The top five retail deals accounted for 86.6% of the overall value during Q1 2020.
The combined value of the top five retail deals stood at $2.62bn, against the overall value of $3.02bn recorded for the month.
The top five retail industry deals of Q1 2020 tracked by GlobalData were:
1) LeoChen’s $1.42bn acquisition of Jumei International Holding
2) The $705m acquisition of Hangzhou Haomusi Food by PepsiCo
3) Vertical Ventures’ $200m acquisition of Tongdow E-Commerce Group
4) The $191.35m private equity deal with Liaoning Chengda by Guangdong Investment
5) 58.com’s asset transaction with Uxin for $105m.
Verdict deals analysis methodology
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.
GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.
More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.
