1. Deals Analysis
July 16, 2019

US consumer industry sees a drop of 8.5% in deal activity in June 2019

The US consumer industry saw a drop of 8.5% in overall deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 162 deals worth $20.5bn were announced in June 2019, compared to the 12-month average of 177 deals.

M&A was the leading category in the month in terms of volume with 89 deals which accounted for 54.9% of all deals.

In second place was venture financing with 60 deals, followed by private equity with 13 transactions, respectively accounting for 37.04% and 8.02% 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 $19.24bn, while private equity and venture financing deals totalled $914.4m and $354.62m, respectively.

US consumer industry deals in June 2019: Top deals

The top five consumer industry deals accounted for 93.4% of the overall value during June 2019.

The combined value of the top five consumer industry deals stood at $19.14bn, against the overall value of $20.5bn recorded for the month. The top announced US consumer industry deal tracked by GlobalData in June 2019 was Eldorado Resorts’ $17.3bn acquisition of Caesars Entertainment.

In second place was the $683m private equity deal with Barnes & Noble by Elliott Management and in third place was Nagase America’s $621m acquisition of Prinova Group.

The $275m asset transaction with Remington Holdings by Ashford and Cedar Fair’s asset transaction with Schlitterbahn Waterparks for $261m held fourth and fifth positions, respectively.

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.