The US consumer industry saw a drop of 1.04% in overall deal activity during October 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 $25.81bn were announced in October 2019, compared to the 12-month average of 193 deals.
M&A was the leading category in the month in terms of volume with 99 deals which accounted for 51.8% of all deals.
In second place was venture financing with 69 deals, followed by private equity with 23 transactions, respectively accounting for 36.1% and 12.1% 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 $22.48bn, while private equity and venture financing deals totalled $2.69bn and $644.27m, respectively.
US consumer industry deals in October 2019: Top deals
The top five consumer industry deals accounted for 87.4% of the overall value during October 2019.
The combined value of the top five consumer deals stood at $22.57bn, against the overall value of $25.81bn recorded for the month.
The top five consumer industry deals of October 2019 tracked by GlobalData were:
1) LVMH Moet Hennessy Louis Vuitton’s $14.59bn acquisition of Tiffany
2) The $4.25bn asset transaction with MGM Resorts International by Blackstone Real Estate Income Trust
3) The Blackstone Group’s $1.89bn private equity deal with Great Wolf Resorts
4) The $1bn acquisition of Drunk Elephant Holdings by Shiseido
5) The $843.3m acquisition of membership interest in JACK Cleveland Casino and JACK Thistledown by VICI Properties.
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.