Europe’s consumer industry sees a drop of 32.8% in deal activity in Q2 2020

31 July 2020 (Last Updated July 31st, 2020 18:18)

Europe’s consumer industry sees a drop of 32.8% in deal activity in Q2 2020

Europe’s consumer industry saw a drop of 32.8% in overall deal activity during Q2 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 301 deals worth $6.21bn were announced for the region during Q2 2020, against the last four-quarter average of 448 deals.

Of all the deal types, M&A saw most activity in Q2 2020 with 156, representing a 51.8% share for the region.

In second place was venture financing with 107 deals, followed by private equity deals with 38 transactions, respectively capturing a 35.6% and 12.6% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s consumer industry with $5.11bn, while venture financing and private equity deals totalled $549.01m and $548.07m, respectively.

Europe consumer industry deals in Q2 2020: Top deals

The top five consumer deals accounted for 74.2% of the overall value during Q2 2020.

The combined value of the top five consumer deals stood at $4.6bn, against the overall value of $6.21bn recorded for the quarter.

The top five consumer industry deals of Q2 2020 tracked by GlobalData were:

1) Evolution Gaming Group’s $2.32bn acquisition of NetEnt

2) The $1.33bn asset transaction with Imperial Brands by Allied Cigar Corporation, S.L and Gemstone Investment Holding

3) Boohoo Group’s $397.77m acquisition of 21 Three ClothingLtd

4) The $338.59m private equity deal with Vision Healthcare by Avista Capital Holdings and VHC Investco

5) Salling Group’s asset transaction with Tesco for $226.96m.

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.