1. Deals Analysis
September 3, 2020

US retail industry sees a drop of 45.2% in deal activity in July 2020

The US retail industry saw a drop of 45.2% in overall deal activity during July 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 23 deals worth $1.25bn were announced in July 2020, compared to the 12-month average of 42 deals.

M&A was the leading category in the month in terms of volume with 15 deals which accounted for 65.2% of all deals.

In second place was venture financing with eight deals, followed by with transactions, respectively accounting for 34.8% and % of overall deal activity in the country’s retail industry during the month.

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In terms of value of deals, M&A was the leading deal category in the US retail industry with total deals worth $1.02bn, followed by venture financing deals totalled $227.85m.

US retail industry deals in July 2020: Top deals

The top five retail industry deals accounted for 96.4% of the overall value during July 2020.

The combined value of the top five retail deals stood at $1.21bn, against the overall value of $1.25bn recorded for the month.

The top five retail industry deals of July 2020 tracked by GlobalData were:

1) Asbury Automotive Group’s $685m asset transaction with Park Place Motorcars

2) The $305m asset transaction with Brooks Brothers Group by Sparc Group

3) Greycroft Partners, Horsley Bridge Partners, Lerer Hippeau Ventures and Volition Capital’s $100m venture financing of Medly Pharmacy

4) The $85m venture financing of Misfits Market by Greenoaks Capital Management, Sound Ventures, Third Kind Venture Capital and Valor Equity Partners

5) Retail E-commerce Ventures’ asset transaction with Pier one Imports for $31m.

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.