1. Deals Analysis
July 16, 2019

US retail industry sees a drop of 21.4% in deal activity in June 2019

The US retail industry saw a drop of 21.4% in overall deal activity during June 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 33 deals worth $892.49m were announced in June 2019, compared to the 12-month average of 42 deals.

M&A was the leading category in the month in terms of volume with 21 deals which accounted for 63.6% of all deals.

In second place was venture financing with nine deals, followed by private equity with three transactions, respectively accounting for 27.3% and 9.1% of overall deal activity in the country’s retail industry during the month.

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In terms of value of deals, private equity was the leading deal category in the US retail industry with total deals worth $778m, while M&A and venture financing deals totalled $77.54m and $36.95m, respectively.

US retail industry deals in June 2019: Top deals

The top five retail industry deals accounted for 92.9% of the overall value during June 2019.

The combined value of the top five retail industry deals stood at $828.95m, against the overall value of $892.49m recorded for the month. The top announced US retail industry deal tracked by GlobalData in June 2019 was Elliott Management’s $683m private equity deal with Barnes & Noble.

In second place was the $95m private equity deal with FTD Companies by Nexus Capital Management and in third place was Transform Holdco’s $21.45m stake acquisition of Sears Hometown and Outlet Stores.

The $16.5m venture financing of Misfits Market by Greenoaks Capital Management and MedMen Enterprises’ acquisition of MattnJeremy, Inc. for $13m 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.