1. Deals Analysis
July 18, 2019

US consumer industry sees a rise of 4.6% in deal activity in Q2 2019

The US consumer industry saw a rise of 4.6% in overall deal activity during Q2 2019, when compared with the last four-quarter average, according to GlobalData’s deals database.

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A total of 528 deals worth $34.53bn were announced in Q2 2019, compared to the last four-quarter average of 505 deals.

M&A was the leading category in the quarter with 261 deals which accounted for 49.4% of all deals.

In second place was venture financing with 209 deals, followed by private equity with 58 transactions, respectively accounting for 39.6% and 11% of overall deal activity in the country’s consumer industry during the quarter.

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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 $29.01bn, while private equity and venture financing deals totalled $3.89bn and $1.63bn, respectively.

The US consumer industry deals in Q2 2019: Top deals

The top five consumer deals accounted for 68% of the overall value during Q2 2019.

The combined value of the top five consumer industry deals stood at $23.47bn, against the overall value of $34.53bn recorded for the quarter. The top announced US consumer industry deal tracked by GlobalData in Q2 2019 was Eldorado Resorts’ $17.3bn acquisition of Caesars Entertainment.

In second place was the $2bn acquisition of International Speedway by NASCAR Media Group and in third place was E. & J. Gallo Winery’s $1.7bn asset transaction with Constellation Brands.

The $1.37bn acquisition of Harry’s by Edgewell Personal Care and Apollo Funds’ private equity deal with Smart & Final Stores for $1.1bn 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.