Europe’s consumer industry sees a drop of 19.6% in deal activity in Q3 2020

2 November 2020 (Last Updated November 2nd, 2020 17:40)

Europe’s consumer industry sees a drop of 19.6% in deal activity in Q3 2020

Europe’s consumer industry saw a drop of 19.6% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 333 deals worth $16.84bn were announced for the region during Q3 2020, against the last four-quarter average of 414 deals.

Of all the deal types, M&A saw most activity in Q3 2020 with 187, representing a 56.2% share for the region.

In second place was venture financing with 82 deals, followed by private equity deals with 64 transactions, respectively capturing a 24.6% and 19.2% 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 $10.07bn, while private equity and venture financing deals totalled $6.26bn and $499.53m, respectively.

Europe consumer industry deals in Q3 2020: Top deals

The top five consumer deals accounted for 71% of the overall value during Q3 2020.

The combined value of the top five consumer deals stood at $11.96bn, against the overall value of $16.84bn recorded for the quarter.

The top five consumer industry deals of Q3 2020 tracked by GlobalData were:

1) EP Global Commerce’s $5.85bn acquisition of Metro

2) The $3.69bn private equity deal with William Hill by Apollo Global Management and Caesars Entertainment

3) EQT IX Fund’s $931.52m private equity deal with Chr. Hansen Holding

4) The $782.79m asset transaction with Kerry Group by Kerry Co-Operative Creameries

5) The Friedkin Group’s acquisition of AS Roma for $700.17m.

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.