1. Deals Analysis
July 15, 2019

North America’s consumer industry sees a drop of 5.2% in deal activity in June 2019

North America’s consumer industry saw a drop of 5.2% in deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 184 consumer industry deals worth $21.84bn were announced for the region in June 2019, against the 12-month average of 194 deals.

Of all the deal types, M&A saw most activity in June 2019 with 105 transactions, representing a 57.1% share for the region.

In second place was venture financing with 64 deals, followed by private equity deals with 15 transactions, respectively capturing a 34.8% and 8.2% share of the overall deal activity for the month.

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In terms of value of deals, M&A was the leading category in North America’s consumer industry with $19.26bn, while private equity and venture financing deals totalled $2.23bn and $355.22m, respectively.

North America consumer industry deals in June 2019: Top deals

The top five consumer deals accounted for 92.5% of the overall value during June 2019.

The combined value of the top five consumer deals stood at $20.19bn, against the overall value of $21.84bn recorded for the month. The top announced consumer deal tracked by GlobalData in June 2019 was Eldorado Resorts’ $17.3bn acquisition of Caesars Entertainment.

In second place was the $1.31bn private equity deal with Hudson’s Bay by Abrams Capital Management, Hanover Investments (Luxembourg), Rhone Capital, Richard A. Baker and WeWork Property Advisors and in third place was Elliott Management’s $683m private equity deal with Barnes & Noble.

The $621m acquisition of Prinova Group by Nagase America and Ashford’s asset transaction with Remington Holdings for $275m held fourth and fifth positions, respectively.

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.