India’s retail industry saw a rise of 31.8% in overall deal activity during Q4 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 29 deals worth $4.27bn were announced in Q4 2020, compared to the last four-quarter average of 22 deals.

Venture financing was the leading category in the quarter with 19 deals which accounted for 65.5% of all deals.

In second place was private equity with eight deals, followed by M&A with two transactions, respectively accounting for 27.6% and 6.9% 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 $3.9bn, while private equity and venture financing deals totalled $367.46m and $1.83m, respectively.

India retail industry deals in Q4 2020: Top deals

The top five retail deals accounted for 91.4% of the overall value during Q4 2020.

The combined value of the top five retail deals stood at $3.9bn, against the overall value of $4.27bn recorded for the quarter.

The top five retail industry deals of Q4 2020 tracked by GlobalData were:

1) The Saudi Public Investment Fund’s $1.3bn private equity deal with Reliance Retail Ventures

2) The $847.79m private equity deal with Reliance Retail Ventures by Mubadala Investment

3) Abu Dhabi Investment Authority’s $753.01m private equity deal with Reliance Retail

4) The $750.8m private equity deal with Reliance Retail Ventures by Gamnat and Lathe Investment Pte

5) TPG Capital’s private equity deal with Reliance Retail Ventures for $250.45m.

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.