US retail industry sees a rise of 12.8% in deal activity in October 2020

26 November 2020 (Last Updated November 26th, 2020 14:50)

US retail industry sees a rise of 12.8% in deal activity in October 2020

The US retail industry saw a rise of 12.8% in overall deal activity during October 2020, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 44 deals worth $3.07bn were announced in October 2020, compared to the 12-month average of 39 deals.

M&A was the leading category in the month in terms of volume with 33 deals which accounted for 75% of all deals.

In second place was venture financing with eight deals, followed by private equity with three transactions, respectively accounting for 18.2% and 6.8% of overall deal activity in the country’s retail industry during the month.

In terms of value of deals, private equity was the leading deal category in the US retail industry with total deals worth $2.6bn, followed by M&A deals totalled $462.71m.

US retail industry deals in October 2020: Top deals

The top five retail industry deals accounted for 90.6% of the overall value during October 2020.

The combined value of the top five retail deals stood at $2.78bn, against the overall value of $3.07bn recorded for the month.

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

1) The $1.6bn merger of HIMS and Oaktree Acquisition

2) The $608m acquisition of Atlantic Automotive Group and Atlantic Central Storage by LMP Automotive Holdings

3) Accel, D1 Capital Partners, Luxor Capital Group and SoftBank Vision Fund’s $380m venture financing of GoBrands

4) The $96.4m acquisition of Kings Food Markets by Acme Markets

5) Rite Aid’s acquisition of Bartell Drugs for $95m.

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.