US consumer industry sees a drop of 7.3% in deal activity in August 2020

25 September 2020 (Last Updated September 25th, 2020 14:48)

US consumer industry sees a drop of 7.3% in deal activity in August 2020

The US consumer industry saw a drop of 7.3% in overall deal activity during August 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 153 deals worth $2.94bn were announced in August 2020, compared to the 12-month average of 165 deals.

M&A was the leading category in the month in terms of volume with 78 deals which accounted for 51% of all deals.

In second place was venture financing with 56 deals, followed by private equity with 19 transactions, respectively accounting for 36.6% and 12.4% 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 $1.35bn, while private equity and venture financing deals totalled $1.18bn and $402.63m, respectively.

US consumer industry deals in August 2020: Top deals

The top five consumer industry deals accounted for 59.6% of the overall value during August 2020.

The combined value of the top five consumer deals stood at $1.75bn, against the overall value of $2.94bn recorded for the month.

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

1) Diageo’s $610m acquisition of Aviation Gin and Davos Brands

2) The $350m venture financing of Fanatics by Fidelity Capital Investors, Franklin Templeton Investments, Neuberger Berman and Thrive Capital

3) Dufry’s $311m acquisition of Hudson Group

4) The $245m venture financing of JAND by Baillie Gifford &, D1 Capital Partners, Durable Capital Partners and T. Rowe Price Group

5) Edgewell Personal Care’s acquisition of Cremo Company for $235m.

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.