US consumer industry sees a drop of 35.7% in deal activity in November 2020

14 December 2020 (Last Updated December 14th, 2020 18:04)

US consumer industry sees a drop of 35.7% in deal activity in November 2020

The US consumer industry saw a drop of 35.7% in overall deal activity during November 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 99 deals worth $6.44bn were announced in November 2020, compared to the 12-month average of 154 deals.

M&A was the leading category in the month in terms of volume with 62 deals which accounted for 62.6% of all deals.

In second place was venture financing with 22 deals, followed by private equity with 15 transactions, respectively accounting for 22.2% and 15.2% 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 $5.96bn, while private equity and venture financing deals totalled $320.92m and $166.25m, respectively.

US consumer industry deals in November 2020: Top deals

The top five consumer industry deals accounted for 58.1% of the overall value during November 2020.

The combined value of the top five consumer deals stood at $3.75bn, against the overall value of $6.44bn recorded for the month.

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

1) VF’s $2.1bn acquisition of Supreme Clothing

2) The $480m acquisition of Truco Enterprises by Utz Brands

3) De’Longhi’s $420m acquisition of Capital Brands

4) The $395m acquisition of Bensussen Deutsch & Associates by ACCO Brands

5) GoBrands’ acquisition of Beverages & More for $350m.

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.

 

Visit our ‘Retail Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the retail industry.