The US consumer industry saw a drop of 28.4% in overall deal activity during September 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 116 deals worth $12.89bn were announced in September 2020, compared to the 12-month average of 162 deals.
M&A was the leading category in the month in terms of volume with 69 deals which accounted for 59.5% of all deals.
In second place was venture financing with 33 deals, followed by private equity with 14 transactions, respectively accounting for 28.5% and 12.1% of overall deal activity in the country’s consumer industry during the month.
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By GlobalDataIn terms of value of deals, M&A was the leading deal category in the US consumer industry with total deals worth $11.74bn, while private equity and venture financing deals totalled $583.39m and $559m, respectively.
US consumer industry deals in September 2020: Top deals
The top five consumer industry deals accounted for 86.9% of the overall value during September 2020.
The combined value of the top five consumer deals stood at $11.2bn, against the overall value of $12.89bn recorded for the month.
The top five consumer industry deals of September 2020 tracked by GlobalData were:
1) Groupe Lactalis‘ $3.2bn asset transaction with The Kraft Heinz
2) The $3bn acquisition of Les Schwab Tire Centers by Meritage Group
3) Highgate Hotels’ $2.8bn asset transaction with Colony Capital
4) The $1.75bn asset transaction with JC PenneyInc by Brookfield Property Group and Simon Property Group
5) Compass Diversified Holdings’ private equity deal with Boa Technology for $454m.
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.