US consumer industry sees a drop of 17.5% in deal activity in December 2019

27 January 2020 (Last Updated January 27th, 2020 06:55)
US consumer industry sees a drop of 17.5% in deal activity in December 2019

The US consumer industry saw a drop of 17.5% in overall deal activity during December 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 160 deals worth $34.39bn were announced in December 2019, compared to the 12-month average of 194 deals.

M&A was the leading category in the month in terms of volume with 82 deals which accounted for 51.3% of all deals.

In second place was venture financing with 66 deals, followed by private equity with 12 transactions, respectively accounting for 41.3% and 7.5% 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 $33.58bn, while venture financing and private equity deals totalled $769.35m and $39.5m, respectively.

US consumer industry deals in December 2019: Top deals

The top five consumer industry deals accounted for 94.4% of the overall value during December 2019.

The combined value of the top five consumer deals stood at $32.45bn, against the overall value of $34.39bn recorded for the month.

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

1) ‘s $26.2bn merger of DuPont Nutrition Biosciences and International Flavors & Fragrances

2) The $4bn asset transaction with Nestle by Froneri International

3) Asbury Automotive Group’s $1bn asset transaction with Park Place Motorcars

4) The $738.27m acquisition of Diplomat Pharmacy by OptumRx

5) ‘s merger of Act II Global Acquisition, Mafco Worldwide and Merisant for $510m.

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.