North America’s consumer industry sees a drop of 19.9% in deal activity in Q3 2020

16 November 2020 (Last Updated November 16th, 2020 17:48)

North America’s consumer industry sees a drop of 19.9% in deal activity in Q3 2020

North America’s consumer industry saw a drop of 19.9% in overall deal activity during Q3 2020, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 464 deals worth $20bn were announced for the region during Q3 2020, against the last four-quarter average of 579 deals.

Of all the deal types, M&A saw most activity in Q3 2020 with 263, representing a 56.7% share for the region.

In second place was venture financing with 160 deals, followed by private equity deals with 41 transactions, respectively capturing a 34.5% and 8.8% 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 $16.57bn, while venture financing and private equity deals totalled $2.47bn and $961.63m, respectively.

North America consumer industry deals in Q3 2020: Top deals

The top five consumer deals accounted for 62.6% of the overall value during Q3 2020.

The combined value of the top five consumer deals stood at $12.53bn, against the overall value of $20bn recorded for the quarter.

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

1) Groupe Lactalis’ $3.2bn asset transaction with The Kraft Heinz

2) The $3bn acquisition of Les Schwab Tire Centers by Meritage Group

3) Highgate Hotels’ $2.8bn asset transaction with Colony Capital

4) The $1.78bn merger of DMY Technology Group and Rush Street Interactive by

5) Brookfield Property Group and Simon Property Group’s asset transaction with JC PenneyInc for $1.75bn.

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.