India’s retail industry sees a rise of 8.7% in deal activity in Q3 2020

29 October 2020 (Last Updated October 29th, 2020 18:32)

India’s retail industry sees a rise of 8.7% in deal activity in Q3 2020

India’s retail industry saw a rise of 8.7% in overall deal activity during Q3 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 25 deals worth $6.03bn were announced in Q3 2020, compared to the last four-quarter average of 23 deals.

Venture financing was the leading category in the quarter with 13 deals which accounted for 52% of all deals.

In second place was private equity with seven deals, followed by M&A with five transactions, respectively accounting for 28% and 20% 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 $3.65bn, while private equity and venture financing deals totalled $2.33bn and $55.88m, respectively.

India retail industry deals in Q3 2020: Top deals

The top five retail deals accounted for 96.7% of the overall value during Q3 2020.

The combined value of the top five retail deals stood at $5.83bn, against the overall value of $6.03bn recorded for the month.

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

1) Reliance Retail Ventures’ $3.33bn asset transaction with Future Group

2) The $1.02bn private equity deal with Reliance Retail Ventures by Silver Lake Partners

3) KKR &Inc’s $754.25m private equity deal with Reliance Retail Ventures

4) The $499.43m private equity deal with Reliance Retail Ventures by General Atlantic

5) API Holdings’ acquisition of Medlife International for $235m.

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.