1. Deals Analysis
May 30, 2019

US consumer industry sees a rise of 4.1% in deal activity in April 2019

By Carmen

The US consumer industry saw a rise of 4.1% in overall deal activity during April 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 179 deals worth $6.39bn were announced in April 2019, compared to the 12-month average of 172 deals.

M&A was the leading category in the month in terms of volume with 77 deals which accounted for 43.02% of all deals.

In second place was venture financing with 76 deals, followed by private equity with 26 transactions, respectively accounting for 42.5% and 14.5% of overall deal activity in the country’s consumer industry during the month.

In terms of value of deals, M&A was the leading deal category in the US consumer industry with total deals worth $3.7bn, while private equity and venture financing deals totalled $2.08bn and $618.78m, respectively.

US consumer industry deals in April 2019: Top deals

The top five consumer industry deals accounted for 76.5% of the overall value during April 2019.

The combined value of the top five consumer industry deals stood at $4.89bn, against the overall value of $6.39bn recorded for the month. The top announced US consumer industry deal tracked by GlobalData in April 2019 was E. & J. Gallo Winery’s $1.7bn asset transaction with Constellation Brands.

In second place was the $1.1bn private equity deal with Smart & Final Stores by Apollo Funds and in third place was Sonic Financial’s $837.46m stake acquisition of Speedway Motorsports.

The $745m asset transaction with Jack Entertainment by Hard Rock International and VICI Properties and Butterfly Equity’s private equity deal with Bolthouse Farms for $510m held fourth and fifth positions, respectively.

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.

 

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.