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
