1. Deals Analysis
March 30, 2022

North America’s consumer industry saw a drop of 0.67% in deal activity during February 2022

By Carmen

North America’s consumer industry saw a drop of 0.67% in deal activity during February 2022, when compared with the last 12-month average, led by Apollo Global Management and VICI Properties’ $6.25bn private equity deal with The Palazzo at The Venetian Resort, according to GlobalData’s deals database.

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A total of 149 consumer industry deals worth $9.5bn were announced for the region in February 2022, against the 12-month average of 150 deals.

Of all the deal types, venture financing saw most activity in February 2022 with 69 transactions, representing a 46.3% share for the region.

In second place was M&A with 57 deals, followed by private equity deals with 23 transactions, respectively capturing a 38.3% and 15.4% 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 consumer industry with $6.5bn, while M&A and venture financing deals totalled $1.59bn and $1.4bn, respectively.

North America consumer industry deals in February 2022: Top deals

The top five consumer deals accounted for 80.7% of the overall value during February 2022.

The combined value of the top five consumer deals stood at $7.66bn, against the overall value of $9.5bn recorded for the month.

The top five consumer industry deals of February 2022 tracked by GlobalData were:

1) Apollo Global Management and VICI Properties $6.25bn private equity deal with The Palazzo at The Venetian Resort

2) The $500m venture financing of AvantStay by Saluda Grade

3) Verano $413m acquisition deal with Goodness Growth

4) The $250m acquisition of Mitchell & Ness Nostalgia by Fanatics and Jay-Z

5) Shinsegae Property $248.67m acquisition deal with Shafer Vineyards

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.

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