US consumer industry sees a drop of 25.1% in deal activity in June 2020

28 July 2020 (Last Updated July 28th, 2020 14:09)

US consumer industry sees a drop of 25.1% in deal activity in June 2020

The US consumer industry saw a drop of 25.1% in overall deal activity during June 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 131 deals worth $3.96bn were announced in June 2020, compared to the 12-month average of 175 deals.

M&A was the leading category in the month in terms of volume with 74 deals which accounted for 56.5% of all deals.

In second place was venture financing with 45 deals, followed by private equity with 12 transactions, respectively accounting for 34.4% and 9.2% 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 $3.05bn, while venture financing and private equity deals totalled $549.54m and $365m, respectively.

US consumer industry deals in June 2020: Top deals

The top five consumer industry deals accounted for 69.7% of the overall value during June 2020.

The combined value of the top five consumer deals stood at $2.76bn, against the overall value of $3.96bn recorded for the month.

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

1) Collier Creek Holdings’ $1.56bn acquisition of Utz Quality Foods

2) The merger of Insurance Acquisition and Shift Technologies for $380m

3) Capitol Peak Partners and KKR &Inc’s $340m private equity deal with Borden Dairy

4) The $255m asset transaction with Constellation Brands by SazeracInc

5) D1 Capital Partners, DST Global and General Catalyst Partners’ venture financing of Maplebear for $225m

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.