1. Deals Analysis
September 3, 2020

US consumer industry sees a drop of 31% in deal activity in July 2020

The US consumer industry saw a drop of 31% in overall deal activity during July 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 118 deals worth $2.04bn were announced in July 2020, compared to the 12-month average of 171 deals.

M&A was the leading category in the month in terms of volume with 64 deals which accounted for 54.2% of all deals.

In second place was venture financing with 51 deals, followed by private equity with three transactions, respectively accounting for 43.2% and 2.5% of overall deal activity in the country’s consumer industry during the month.

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In terms of value of deals, M&A was the leading deal category in the US consumer industry with total deals worth $1.42bn, followed by private equity deals totalled $615.35m.

US consumer industry deals in July 2020: Top deals

The top five consumer industry deals accounted for 70.9% of the overall value during July 2020.

The combined value of the top five consumer deals stood at $1.45bn, against the overall value of $2.04bn recorded for the month.

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

1) Asbury Automotive Group’s $685m asset transaction with Park Place Motorcars

2) The $305m asset transaction with Brooks Brothers Group by Sparc Group

3) NewAge Beverages’ $196.13m acquisition of ARIIX Holdings

4) The $160m venture financing of Perfect Day by Canada Pension Plan Investment Board, Horizons Ventures and Temasek Holdings (Private)

5) Greycroft Partners, Horsley Bridge Partners, Lerer Hippeau Ventures and Volition Capital’s venture financing of Medly Pharmacy for $100m.

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.