1. Deals Analysis
June 25, 2019

US retail industry sees a drop of 20.9% in deal activity in May 2019

The US retail industry saw a drop of 20.9% in overall deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 34 deals worth $380.53m were announced in May 2019, compared to the 12-month average of 43 deals.

M&A was the leading category in the month in terms of volume with 20 deals which accounted for 58.8% of all deals.

In second place was venture financing with 11 deals, followed by private equity with three transactions, respectively accounting for 32.4% and 8.8% of overall deal activity in the country’s retail industry during the month.

In terms of value of deals, M&A was the leading deal category in the US retail industry with total deals worth $298.58m, followed by venture financing deals worth $81.95m.

US retail industry deals in May 2019: Top deals

The top three retail industry deals accounted for 75.8% of the overall value during May 2019.

The combined value of the top five retail industry deals stood at $288.58m, against the overall value of $380.53m recorded for the month. The top announced US retail industry deal tracked by GlobalData in May 2019 was Xtep International’s $260m acquisition of E-Land Footwear USA Holdings.

In second place was the $18m asset transaction with Absolute Healthcare by Curaleaf Holdings and in third place was First Colombia Development’s $10.58m asset transaction with Critical Mass Industries.

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.

 

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.