UK retail industry sees a drop of 11.1% in deal activity in Q1 2020

23 April 2020 (Last Updated April 23rd, 2020 14:08)

UK retail industry sees a drop of 11.1% in deal activity in Q1 2020

The UK retail industry saw a drop of 11.1% in overall deal activity during Q1 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 32 deals worth $454.42m were announced in Q1 2020, compared to the last four-quarter average of 36 deals.

M&A was the leading category in the quarter with 19 deals which accounted for 59.4% of all deals.

In second place was venture financing with eight deals, followed by private equity with five transactions, respectively accounting for 25% and 15.6% of overall deal activity in the country’s retail industry during the quarter.

In terms of value of deals, M&A was the leading deal category in the UK retail industry with total deals worth $275.07m, while private equity and venture financing deals totalled $150.01m and $29.34m, respectively.

The UK retail industry deals in Q1 2020: Top deals

The top five retail deals accounted for 90% of the overall value during Q1 2020.

The combined value of the top five retail deals stood at $408.99m, against the overall value of $454.42m recorded for the month.

The top five retail industry deals of Q1 2020 tracked by GlobalData were:

1) Dragoneer Investment Group and Tencent Holdings’ $250m private equity deal with Farfetch

2) The $91.65m acquisition of Big Lobster by British Airways Pension Fund

3) Brigadier AcquisitionLimited’s $29.14m acquisition of Moss Bros Group

4) The $24m venture financing of Simba Sleep by Cartesian Capital Group

5) Adiuva Capital, Alexander Dorin, Jalogy Beteiligungs, Sebastian Dorin, Stiwec and Wiebke Stern’s private equity deal with Jawoll VertriebsI for $14.2m.

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.