US consumer industry sees a drop of 6.2% in deal activity in October 2020

26 November 2020 (Last Updated November 26th, 2020 14:50)

US consumer industry sees a drop of 6.2% in deal activity in October 2020

The US consumer industry saw a drop of 6.2% in overall deal activity during October 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

A total of 152 deals worth $8.82bn were announced in October 2020, compared to the 12-month average of 162 deals.

M&A was the leading category in the month in terms of volume with 90 deals which accounted for 59.2% of all deals.

In second place was venture financing with 41 deals, followed by private equity with 21 transactions, respectively accounting for 27% and 13.8% 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 $6.65bn, while private equity and venture financing deals totalled $1.41bn and $768.55m, respectively.

US consumer industry deals in October 2020: Top deals

The top five consumer industry deals accounted for 74.1% of the overall value during October 2020.

The combined value of the top five consumer deals stood at $6.53bn, against the overall value of $8.82bn recorded for the month.

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

1) Stone Canyon Industries Holdings’ $3.2bn acquisition of Morton Salt

2) The $1.6bn merger of HIMS and Oaktree Acquisition

3) LMP Automotive Holdings’ $608m acquisition of Atlantic Automotive Group and Atlantic Central Storage

4) The $575m private equity deal with NutriSystem by Kainos Capital and MSD Partners

5) Jarrow Formulas and New Mountain Capital’s private equity deal with Natrol for $550m.

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.