Total retail industry deals for March 2019 worth $1.02bn were announced globally, according to GlobalData’s deals database.
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The value marked a decrease of 57.1% over the previous month and a drop of 54.6% when compared with the last 12-month average of $2.26bn.
In terms of number of deals, the sector saw a rise of 16.4% over the last 12-month average with 64 deals against the average of 55 deals.
In value terms, North America led the activity with deals worth $718.37m.
Retail industry deals in March 2019: Top deals
The top five retail deals accounted for 77.9% of the overall value during March 2019.
The combined value of the top five retail deals stood at $797.08m, against the overall value of $1.02bn recorded for the month. The top announced retail deal tracked by GlobalData in March 2019 was OpCapita Consumer Opportunities Fund II’s $300m private equity deal with Maurices.
In second place was the $165m private equity deal with Savers by Ares Management and Crescent Capital Group and in third place was Lewis Trust Group’s $132.08m acquisition of Mint Velvet.
The $100m private equity deal with MercadoLibre by Dragoneer Investment Group and Institutional Venture Partners, New Enterprise Associates, Norwest Venture Partners and Target’s venture financing of Casper Sleep for $100m 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.