Consumer industry M&A deals in September 2020 total $11.74bn in US

22 October 2020 (Last Updated October 22nd, 2020 18:17)

Consumer industry M&A deals in September 2020 total $11.74bn in US

Total consumer industry M&A deals in September 2020 worth $11.74bn were announced in the US, according to GlobalData’s deals database.

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The value marked an increase of 643.3% over the previous month and a rise of 58.3% when compared with the last 12-month average of $7.42bn.

The US held a 51.8% share of the global consumer industry M&A deal value that totalled $22.69bn in September 2020.

In terms of deal activity, the US recorded 69 deals during September 2020, marking a decrease of 11.5% over the previous month and a drop of 15.9% over the 12-month average.

The US consumer industry M&A deals in September 2020: Top deals

The top five consumer industry M&A deals accounted for 93.2% of the overall value during September 2020.

The combined value of the top five consumer M&A deals stood at $10.94bn, against the overall value of $11.74bn recorded for the month.

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

1) Groupe Lactalis’ $3.2bn asset transaction with The Kraft Heinz

2) The $3bn acquisition of Les Schwab Tire Centers by Meritage Group

3) Highgate Hotels’ $2.8bn asset transaction with Colony Capital

4) The $1.75bn asset transaction with JC PenneyInc by Brookfield Property Group and Simon Property Group

5) Corporate Travel Management’s acquisition of Travel & Transport for $193.78m.

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.