UK consumer industry sees a drop of 28.5% in deal activity in Q2 2020

4 August 2020 (Last Updated August 4th, 2020 15:33)

UK consumer industry sees a drop of 28.5% in deal activity in Q2 2020

The UK consumer industry saw a drop of 28.5% in overall deal activity during Q2 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 98 deals worth $2.05bn were announced in Q2 2020, compared to the last four-quarter average of 137 deals.

M&A was the leading category in the quarter with 47 deals which accounted for 48% of all deals.

In second place was venture financing with 43 deals, followed by private equity with eight transactions, respectively accounting for 43.9% and 8.2% of overall deal activity in the country’s consumer industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the UK consumer industry with total deals worth $1.94bn, while private equity and venture financing deals totalled $108.15m and $3.13m, respectively.

The UK consumer industry deals in Q2 2020: Top deals

The top five consumer deals accounted for 92.3% of the overall value during Q2 2020.

The combined value of the top five consumer deals stood at $1.9bn, against the overall value of $2.05bn recorded for the month.

The top five consumer industry deals of Q2 2020 tracked by GlobalData were:

1) Allied Cigar Corporation, S.L and Gemstone Investment Holding’s $1.33bn asset transaction with Imperial Brands

2) The $397.77m acquisition of 21 Three ClothingLtd by Boohoo Group

3) Frasers Group’s $122.58m acquisition of Hugo Boss

4) The $30.98m venture financing of Cazoo by DMG ventures, Draper Esprit VCT and General Catalyst Partners

5) Adena Brands’ acquisition of Monsoon Accessorize for $19.13m.

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.