The US consumer industry saw a rise of 31.7% in overall deal activity during February 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 191 deals worth $3.38bn were announced in February 2019, compared to the 12-month average of 145 deals.

Venture financing was the leading category in the month in terms of volume with 91 deals which accounted for 47.6% of all deals.

In second place was M&A with 83 deals, followed by private equity with 17 transactions, respectively accounting for 43.5% and 8.9% 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 $1.54bn, while private equity and venture financing deals totalled $1.5bn and $334.4m, respectively.

US consumer industry deals in February 2019: Top deals

The top five consumer industry deals accounted for 64.3% of the overall value during February 2019.

The combined value of the top five consumer industry deals stood at $2.17bn, against the overall value of $3.38bn recorded for the month. The top announced the US consumer industry deal tracked by GlobalData in February 2019 was Host Hotels & Resorts’ $610m asset transaction with 1 Hotel South Beach.

In second place was the $530m venture financing of Aurora Innovation by Amazon.com, Geodesic, Greylock Partners, Index Ventures, Lightspeed Management Company, Reinvent Capital, Sequoia Capital Operations, Shell Ventures and T. Rowe Price Associates and in third place was MilcoProprietary Ltd’s $432.24m acquisition of Clover Industries.

The $400m venture financing of DoorDash by Coatue Management, Dragoneer Investment Group, DST Global, Sequoia Capital Operations, SoftBank Vision Fund, Temasek Investments, GIC and Y Combinator and Starboard Value’s private equity deal with Papa John’s International for $200m 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.

Verdict makes every effort to ensure the accuracy of its deals information. If you spot a mistake, or would like to notify us of a deal which should be included in this analysis, please email us at deals@globaldata.com

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.