1. Deals Analysis
March 26, 2019updated 27 Mar 2019 3:49pm

North America’s consumer industry sees a rise of 27.9% in deal activity in February 2019

By Carmen

North America’s consumer industry saw a rise of 27.9% in deal activity during February 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 202 consumer industry deals worth $3.75bn were announced for the region in February 2019, against the 12-month average of 158 deals.

Of all the deal types, venture financing saw most activity in February 2019 with 93 transactions, representing a 46.04% share for the region.

In second place was M&A with 91 deals, followed by private equity deals with 18 transactions, respectively capturing a 45.05% and 8.9% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s consumer industry with $1.92bn, while venture financing and private equity deals totalled $1.5bn and $334.4m, respectively.

North America consumer industry deals in February 2019: Top deals

The top five consumer deals accounted for 61% of the overall value during February 2019.

The combined value of the top five consumer deals stood at $2.29bn, against the overall value of $3.75bn recorded for the month. The top announced consumer deal tracked by GlobalData in February 2019 was Host Hotels & Resorts’ $610m asset transaction with 1 Hotel South Beach.

In second place was the $530m venture financing of Aurora Innovation by Amazon.com, Geodesic, Greylock Partners, Index Ventures, Lightspeed Management Company, Reinvent Capital, Sequoia Capital Operations, Shell Ventures and T. Rowe Price Associates and in third place was MilcoProprietary’s $432.24m acquisition of Clover Industries.

The $400m venture financing of DoorDash by Coatue Management, Dragoneer Investment Group, DST Global, Sequoia Capital Operations, SoftBank Vision Fund, Temasek Investments, GIC and Y Combinator and Tilray’s acquisition of Manitoba Harvest Hemp Foods for $316.34m held fourth and fifth positions, respectively.

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.

 

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.

Topics in this article: