1. Deals Analysis
November 26, 2019

UK consumer industry sees a drop of 1.6% in deal activity in Q3 2019

The UK consumer industry saw a drop of 1.6% in overall deal activity during Q3 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 127 deals worth $3.85bn were announced in Q3 2019, compared to the last four-quarter average of 129 deals.

M&A was the leading category in the quarter with 76 deals which accounted for 59.8% of all deals.

In second place was venture financing with 34 deals, followed by private equity with 17 transactions, respectively accounting for 26.8% and 13.4% of overall deal activity in the country’s consumer industry during the quarter.

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In terms of value of deals, M&A was the leading deal category in the UK consumer industry with total deals worth $2.57bn, while private equity and venture financing deals totalled $1.1bn and $168.63m, respectively.

The UK consumer industry deals in Q3 2019: Top deals

The top five consumer deals accounted for 70.3% of the overall value during Q3 2019.

The combined value of the top five consumer deals stood at $2.7bn, against the overall value of $3.85bn recorded for the month.

The top five consumer industry deals of Q3 2019 tracked by GlobalData were:

1) Marks and Spencer Group’s $989.28m acquisition of Ocado Retail

2) The $641.14m acquisition of The Scottish Salmon by P/F Bakkafrost Holding

3) Glendower Capital’s $374.41m private equity deal with Liberty

4) The $355.49m acquisition of Tulip by Pilgrim’s Pride

5) Ebro Foods’ acquisition of Tilda for $342m.

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.