1. Deals Analysis
June 25, 2019

North America’s retail industry sees a drop of 18.4% in deal activity in May 2019

North America’s retail industry saw a drop of 18.4% in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 40 retail industry deals worth $412.31m were announced for the region in May 2019, against the 12-month average of 49 deals.

Of all the deal types, M&A saw most activity in May 2019 with 26 transactions, representing a 65% share for the region.

In second place was venture financing with 11 deals, followed by private equity deals with three transactions, respectively capturing a 27.5% and 7.5% 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 retail industry with $330.36m, followed by venture financing deals worth $81.95m.

 

North America retail industry deals in May 2019: Top deals

The top five retail deals accounted for 75.3% of the overall value during May 2019.

The combined value of the top five retail deals stood at $310.33m, against the overall value of $412.31m recorded for the month. The top announced retail deal tracked by GlobalData in May 2019 was Xtep International’s $260m acquisition of E-Land Footwear USA Holdings.

In second place was the $18m asset transaction with Absolute Healthcare by Curaleaf Holdings and in third place was Canadian Liquor Retailers Alliance Partnership’s $11.75m asset transaction with Solo Liquor Holdings and Solo Liquor Stores.

The $10.58m asset transaction with Critical Mass Industries by First Colombia Development and Picksy’s asset transaction with Terra Tech for $10m 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.

 

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.