1. Deals Analysis
March 24, 2022

Consumer industry M&A deals total $1.6bn in North America in February 2022

By Carmen

Total consumer industry M&A deals worth $1.6bn were announced in North America in February 2022, led by Verano’s $413m acquisition of Goodness Growth, according to GlobalData’s deals database.

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The value marked a decrease of 15.9% over the previous month of $1.89bn and a drop of 65% when compared with the last 12-month average of $4.54bn.

North America held a 50.48% share of the global consumer industry M&A deal value that totalled $3.15bn in February 2022. With a 48.25% share and deals worth $1.52bn, the US was the top country in North America’s M&A deal value across consumer industry.

In terms of M&A deal activity, North America recorded 57 deals during February 2022, marking a decrease of 9.52% over the previous month and a drop of 3.39% over the 12-month average. The US recorded 46 deals during the month.

North America consumer industry M&A deals in February 2022: Top deals

The top five consumer industry M&A deals accounted for 84% of the overall value during February 2022.

The combined value of the top five consumer deals stood at $1.33bn, against the overall value of $1.6bn recorded for the month.

The top five consumer industry M&A deals of February 2022 tracked by GlobalData were:

1) Verano $413m acquisition deal with Goodness Growth

2) The $250m acquisition of Mitchell & Ness Nostalgia by Fanatics and Jay-Z

3) Shinsegae Property $248.67m acquisition deal with Shafer Vineyards

4) The $228.25m acquisition of SHINSEGAE FOOD by Emart America

5) Century Casinos $195m acquisition deal with Nugget Casino Resort

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.

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