1. Deals Analysis
December 18, 2019

US retail industry sees a drop of 47.9% in deal activity in November 2019

The US retail industry saw a drop of 47.9% in overall deal activity during November 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 25 deals worth $179.41m were announced in November 2019, compared to the 12-month average of 48 deals.

M&A was the leading category in the month in terms of volume with 17 deals which accounted for 68% of all deals.

In second place was venture financing with seven deals, followed by private equity with one transactions, respectively accounting for 28% and 4% 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 $152.7m, followed by M&A deals totalled $26.71m.

 

US retail industry deals in November 2019: Top deals

The top five retail industry deals accounted for 95.8% of the overall value during November 2019.

The combined value of the top five retail deals stood at $171.8m, against the overall value of $179.41m recorded for the month.

The top five retail industry deals of November 2019 tracked by GlobalData were:

1) HGreg.com’s $75m Nissan dealership acquisition in Florida

2) The $58m asset transaction with A.C. Moore Arts & Crafts by The Michaels Companies

3) Vince Holding’s $19.7m acquisition of Parker Lifestyle and Rebecca Taylor

4) The $16.75m venture financing of Senreve by Norwest Venture Partners

5) Dreamers Fund and FabFitFun’s venture financing of Lagom Kitchen for $2.35m.

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.