Total retail industry deals for Q3 2020 worth $26.98bn were announced globally, according to GlobalData’s deals database.
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The value marked an increase of 204.8% over the previous quarter and a rise of 12.3% when compared with the last four-quarter average of $24.02bn.
In terms of number of deals, the sector saw a drop of 16.5% over the last four-quarter average with 333 deals against the average of 399 deals.
In value terms, Asia-Pacific led the activity with deals worth $10.59bn.
Retail industry deals in Q3 2020: Top deals
The top five retail deals accounted for 58.1% of the overall value during Q3 2020.
The combined value of the top five retail deals stood at $15.66bn, against the overall value of $26.98bn recorded for the month.
The top five retail industry deals of Q3 2020 tracked by GlobalData were:
1) EP Global Commerce’s $5.85bn acquisition of Metro
2) The $3.33bn asset transaction with Future Group by Reliance Retail Ventures
3) Meritage Group’s $3bn acquisition of Les Schwab Tire Centers
4) The $1.75bn asset transaction with JC PenneyInc by Brookfield Property Group and Simon Property Group
5) Itochu’s acquisition of FamilyMart for $1.74bn.
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.
Visit our ‘Retail Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the retail industry.