Retail industry M&A deals in October 2020 total $2.6bn in US

23 November 2020 (Last Updated November 23rd, 2020 07:49)

Retail industry M&A deals in October 2020 total $2.6bn in US

Total retail industry M&A deals in October 2020 worth $2.6bn were announced in the US, according to GlobalData’s deals database.

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The value marked a decrease of 46.6% over the previous month and a rise of 6.3% when compared with the last 12-month average of $2.45bn.

The US held a 36.8% share of the global retail industry M&A deal value that totalled $7.07bn in October 2020.

In terms of deal activity, the US recorded 33 deals during October 2020, marking an increase of 22.2% over the previous month and a rise of 37.5% over the 12-month average.

The US retail industry M&A deals in October 2020: Top deals

The top five retail industry M&A deals accounted for 95.7% of the overall value during October 2020.

The combined value of the top five retail M&A deals stood at $2.49bn, against the overall value of $2.6bn 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) Acme Markets’s $96.4m acquisition of Kings Food Markets

4) The $95m acquisition of Bartell Drugs by Rite Aid

5) Amazon.com’s acquisition of SpartanNash for $92.58m.

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.