Total consumer industry M&A deals in August 2020 worth $1.35bn were announced in the US, according to GlobalData’s deals database.
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The value marked an increase of 0.7% over the previous month and a drop of 82.5% when compared with the last 12-month average of $7.74bn.
The US held a 14.9% share of the global consumer industry M&A deal value that totalled $9.07bn in August 2020.
In terms of deal activity, the US recorded 78 deals during August 2020, marking an increase of 16.4% over the previous month and a drop of 7.1% over the 12-month average.
The US consumer industry M&A deals in August 2020: Top deals
The top five consumer industry M&A deals accounted for 93.1% of the overall value during August 2020.
The combined value of the top five consumer M&A deals stood at $1.26bn, against the overall value of $1.35bn recorded for the month.
The top five consumer industry deals of August 2020 tracked by GlobalData were:
1) Diageo’s $610m acquisition of Aviation Gin and Davos Brands
2) The $311m acquisition of Hudson Group by Dufry
3) Edgewell Personal Care’s $235m acquisition of Cremo Company
4) The $64.6m asset transaction with by Apple Hospitality REIT
5) Qatar First Bank’s acquisition of Varsity Brands for $41m.
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.