1. Deals Analysis
July 30, 2020

US retail industry sees a drop of 27.9% in deal activity in June 2020

The US retail industry saw a drop of 27.9% in overall deal activity during June 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 31 deals worth $930.19m were announced in June 2020, compared to the 12-month average of 43 deals.

M&A was the leading category in the month in terms of volume with 19 deals which accounted for 61.3% of all deals.

In second place was venture financing with nine deals, followed by private equity with three transactions, respectively accounting for 29.03% and 9.7% 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 $693.82m, followed by venture financing deals totalled $236.37m.

US retail industry deals in June 2020: Top deals

The top five retail industry deals accounted for 95.7% of the overall value during June 2020.

The combined value of the top five retail deals stood at $890.4m, against the overall value of $930.19m recorded for the month.

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

1) The merger of Insurance Acquisition and Shift Technologies for $380m

2) The $225m venture financing of Maplebear by D1 Capital Partners, DST Global and General Catalyst Partners

3) Malcolm Walker and Tarsem Dhaliwal’s $146m acquisition of Iceland Foods

4) The $118m asset transaction with Star Buds by Medicine Man Technologies

5) Afognak Native’s acquisition of Liquor Stores USA North for $21.4m

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.