North America’s consumer industry sees a drop of 11.5% in deal activity in Q1 2020

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

North America’s consumer industry sees a drop of 11.5% in deal activity in Q1 2020

North America’s consumer industry saw a drop of 11.5% in overall deal activity during Q1 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 572 deals worth $22.09bn were announced for the region during Q1 2020, against the last four-quarter average of 646 deals.

Of all the deal types, M&A saw most activity in Q1 2020 with 315, representing a 55.1% share for the region.

In second place was venture financing with 203 deals, followed by private equity deals with 54 transactions, respectively capturing a 35.5% and 9.4% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in North America’s consumer industry with $17.12bn, while private equity and venture financing deals totalled $2.54bn and $2.42bn, respectively.

North America consumer industry deals in Q1 2020: Top deals

The top five consumer deals accounted for 52.4% of the overall value during Q1 2020.

The combined value of the top five consumer deals stood at $11.58bn, against the overall value of $22.09bn recorded for the quarter.

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

1) Blackstone Real Estate Income Trust and MGM Growth Properties’ $4.6bn asset transaction with MGM Resorts International

2) The $3.85bn acquisition of Rockstar by PepsiCo

3) Mondelez International’s $1.2bn acquisition of Give And Go Prepared Foods

4) The $970m acquisition of Smart Foodservice Warehouse Stores by US Foods Holding

5) Cott’s acquisition of Primo Water for $957.82m.

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.