The US retail industry saw a drop of 13.2% in overall deal activity during November 2020, when compared with the last 12-month average, according to GlobalData’s deals database.
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A total of 33 deals worth $2.91bn were announced in November 2020, compared to the 12-month average of 38 deals.
M&A was the leading category in the month in terms of volume with 25 deals which accounted for 75.8% of all deals.
In second place was venture financing with four deals, followed by private equity with four transactions, respectively accounting for 12.1% and 12.1% 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 $2.65bn, while private equity and venture financing deals totalled $250m and $9.32m, respectively.
US retail industry deals in November 2020: Top deals
The top five retail industry deals accounted for 99.7% of the overall value during November 2020.
The combined value of the top five retail deals stood at $2.9bn, against the overall value of $2.91bn recorded for the month.
The top five retail industry deals of November 2020 tracked by GlobalData were:
1) VF’s $2.1bn acquisition of Supreme Clothing
2) The $350m acquisition of Beverages & More by GoBrands
3) The Carlyle Group’s $250m private equity deal with Pharmapacks
4) The $163m acquisition of SGH Blocker, Solid Gold Holdings and VMG Solid Gold Blocker by Health and Happiness (H&H) US International
5) bebe stores’ asset transaction with FRANCHISE GROUP for $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.
Visit our ‘Retail Deals Dashboard’ for the latest trends in M&A, PE, and VC activity, top deals and advisory league tables in the retail industry.