Retail industry M&A deals in October 2020 total $7.07bn globally

23 November 2020 (Last Updated November 23rd, 2020 07:51)

Retail industry M&A deals in October 2020 total $7.07bn globally

Total retail industry M&A deals in October 2020 worth $7.07bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 43.8% over the previous month and a drop of 4.6% when compared with the last 12-month average, which stood at $6.76bn.

Comparing deals value in different regions of the globe, Asia-Pacific held the top position, with total announced deals in the period worth $4.28bn. At the country level, Hong Kong Special Administrative Region of China topped the list in terms of deal value at $3.61bn.

In terms of volumes, North America emerged as the top region for retail industry M&A deals globally, followed by Asia-Pacific and then Europe.

The top country in terms of M&A deals activity in October 2020 was the US with 33 deals, followed by Canada with eight and Malaysia with six.

In 2020, as of the end of October 2020, retail M&A deals worth $60.78bn were announced globally, marking an increase of 5.5% year on year.

Retail industry M&A deals in October 2020: Top deals

The top five retail industry M&A deals accounted for 87.1% of the overall value during October 2020.

The combined value of the top five retail M&A deals stood at $6.16bn, against the overall value of $7.07bn recorded for the month.

The top five retail industry deals of October 2020 tracked by GlobalData were:

1) Taobao China Holding’s $3.61bn acquisition of A-Rt Retail Holding

2) The $1.6bn merger of HIMS and Oaktree Acquisition by

3) LMP Automotive Holdings’ $608m acquisition of Atlantic Automotive Group and Atlantic Central Storage

4) The $181.08m acquisition of China ZhengTong Auto Services by Xiamen Xinda

5) Autohome’s acquisition of iCar Asia for $157.09m.

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.