1. Deals Analysis
May 31, 2019

North America’s retail industry sees a rise of 17.4% in deal activity in April 2019

North America’s retail industry saw a rise of 17.4% in deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 54 retail industry deals worth $1.23bn were announced for the region in April 2019, against the 12-month average of 46 deals.

Of all the deal types, M&A saw most activity in April 2019 with 27 transactions, representing a 50% share for the region.

In second place was venture financing with 19 deals, followed by private equity deals with eight transactions, respectively capturing a 35.2% and 14.8% share of the overall deal activity for the month.

In terms of value of deals, private equity was the leading category in North America’s retail industry with $1.1bn, while M&A and venture financing deals totalled $80.28m and $58.11m, respectively.

North America retail industry deals in April 2019: Top deals

The top five retail deals accounted for 96.3% of the overall value during April 2019.

The combined value of the top five retail deals stood at $1.19bn, against the overall value of $1.23bn recorded for the month. The top announced retail deal tracked by GlobalData in April 2019 was Apollo Funds’ $1.1bn private equity deal with Smart & Final Stores.

In second place was the $33.71m acquisition of City Cannabis by Wildflower Brands and in third place was BDC Capital, Dash Ventures, Felix Capital Partners, Incite Ventures and New Enterprise Associates’ $23m venture financing of Mejuri.

The $18.2m asset transaction with JLL Capital Markets by The Grossman Companies and Chemesis International’s stake acquisition of GSRX Industries for $17.66m 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.