1. Deals Analysis
June 22, 2022

North America’s consumer industry saw a drop of 32.67% in deal activity during May 2022

By Carmen

North America’s consumer industry saw a drop of 32.67% in deal activity during May 2022, when compared with the last 12-month average, led by Dubilier & Rice,Clayton and TPG $3.29bn private equity deal for 75.85% stake with Covetrus, according to GlobalData’s deals database.

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A total of 101 consumer industry deals worth $4.8bn were announced for the region in May 2022, against the 12-month average of 150 deals.

Of all the deal types, M&A saw most activity in May 2022 with 52 transactions, representing a 51.5% share for the region.

In second place was venture financing with 40 deals, followed by private equity deals with nine transactions, respectively capturing a 39.6% and 8.9% 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 $3.57bn, while M&A and venture financing deals totalled $895m and $325.25m, respectively.

North America consumer industry deals in May 2022: Top deals

The top five consumer deals accounted for 84.7% of the overall value during May 2022.

The combined value of the top five consumer deals stood at $4.05bn, against the overall value of $4.8bn recorded for the month.

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

1) Dubilier & Rice,Clayton and TPG $3.29bn private equity deal for 75.85% stake with Covetrus

2) The $263m private equity of 25% stake in Funko by Bob Iger,eBay,Rich Paul and The Chernin Group

3) J&J Snack Foods $222m acquisition deal for Dippin’? Dots

4) The $140m acquisition of Bio Lab Naturals by Limitless

5) Steelcase $137m acquisition deal with HALCON

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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