North America’s consumer industry saw a drop of 20.78% in deal activity during March 2022, when compared with the last 12-month average, led by Kids2’s $32.98bn acquisition of Summer Infant, according to GlobalData’s deals database.
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A total of 122 consumer industry deals worth $36.9bn were announced for the region in March 2022, against the 12-month average of 154 deals.
Of all the deal types, venture financing saw most activity in March 2022 with 57 transactions, representing a 46.7% share for the region.
In second place was M&A with 46 deals, followed by private equity deals with 19 transactions, respectively capturing a 37.7% and 15.6% share of the overall deal activity for the month.
In terms of value of deals, M&A was the leading category in North America’s consumer industry with $35.57bn, while private equity and venture financing deals totalled $801m and $520.75m, respectively.
North America consumer industry deals in March 2022: Top deals
The top five consumer deals accounted for 98.3% of the overall value during March 2022.
The combined value of the top five consumer deals stood at $36.26bn, against the overall value of $36.9bn recorded for the month.
The top five consumer industry deals of March 2022 tracked by GlobalData were:
1) Kids2 $32.98bn acquisition deal with Summer Infant
2) The $2bn acquisition of Columbia Care by Cresco Labs
3) Demand Brands $550m acquisition deal with CF3 SPV I
4) The $375m private equity of Trump International Hotel Washington DC by Miami Investment Fund
5) L Catterton $355m private equity deal with iFIT Health & Fitness