The UK retail industry saw a drop of 28.6% in overall deal activity during Q3 2020, when compared with the last four-quarter average, according to GlobalData’s deals database.
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A total of 25 deals worth $188.92m were announced in Q3 2020, compared to the last four-quarter average of 35 deals.
M&A was the leading category in the quarter with 15 deals which accounted for 60% of all deals.
In second place was venture financing with six deals, followed by private equity with four transactions, respectively accounting for 24% and 16% 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 $166.59m, while private equity and venture financing deals totalled $14.86m and $7.47m, respectively.
The UK retail industry deals in Q3 2020: Top deals
The top five retail deals accounted for 71.6% of the overall value during Q3 2020.
The combined value of the top five retail deals stood at $135.24m, against the overall value of $188.92m recorded for the month.
The top five retail industry deals of Q3 2020 tracked by GlobalData were:
1) Supermarket Income REIT’s $92.79m asset transaction with John Lewis Partnership
2) The $26.69m acquisition of Debenhams by Reliance Industries
3) Fuel Ventures and Nathalie Gaveau’s $6.26m venture financing of Bournemouth Web Tools Ltd
4) The $5.43m venture financing of KIDLY by Claire Nesbitt, Hargreave Hale and Nicholas Robertson
5) Gatemore Capital Management’s private equity deal with Superdry for $4.07m.
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.