The number of deals announced in the global retail sector increased by 29.4% during the week ended 29 March 2020, compared to the previous week, according to GlobalData’s deals database.
GlobalData analyst Aurojyoti Bose said: “While deal activity remained subdued globally on the back of volatile market conditions due to the outbreak of the coronavirus (COVID-19), the retail sector witnessed growth in deal activity, which is primarily attributed to growth in debt offering deals volume.”
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Most other key deal types witnessed decrease in volume during the week ended 29 March 2020, compared to the earlier week. Deal volume of mergers and acquisitions (M&A) experienced a 21.1% drop.
The number of private equity and venture financing deals declined by 50% and 28.6%, respectively.
Bose added: “The US witnessed growth in deal activity primarily on the back of growth in debt offerings deals. Activity remained mostly flat or with marginal increase/decrease in most of the other key countries.”
