India’s retail industry sees a drop of 16.7% in deal activity in Q1 2020

24 April 2020 (Last Updated April 24th, 2020 15:45)

India’s retail industry sees a drop of 16.7% in deal activity in Q1 2020

India’s retail industry saw a drop of 16.7% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 20 deals worth $363.38m were announced in Q1 2020, compared to the last four-quarter average of 24 deals.

Venture financing was the leading category in the quarter with 13 deals which accounted for 65% of all deals.

In second place was M&A with six deals, followed by private equity with one transactions, respectively accounting for 30% and 5% of overall deal activity in the country’s retail industry during the quarter.

In terms of value of deals, M&A was the leading deal category in India’s retail industry with total deals worth $301.51m, while private equity and venture financing deals totalled $32.27m and $29.6m, respectively.

India retail industry deals in Q1 2020: Top deals

The top five retail deals accounted for 82.7% of the overall value during Q1 2020.

The combined value of the top five retail deals stood at $300.43m, against the overall value of $363.38m recorded for the month.

The top five retail industry deals of Q1 2020 tracked by GlobalData were:

1) SoftBank Vision Fund’s $150m venture financing of BrainBees Solutions

2) The $60m venture financing of Home Interior Designs E-commerce by EDB Investment, Tahoe Investment Group, KHARIS CAPITAL, Mercer (Singapore) and Nicholas Cator

3) Pidilite Industries’ $40m venture financing of Trendsutra Platform Services

4) The $29.6m private equity deal with Future Lifestyle Fashions by International Finance

5) Reliance Retail Ventures’ acquisition of Shri Kannan Departmental Stores for $20.83m.

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.

 

Visit our ‘Retail Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the retail industry.