Consumer Discretionary Q1 2020

Q1 2020 Consumer Discretionary

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • StubHub, Inc.
  • viagogo AG
  • $4,050.00
  • Masco Cabinetry LLC
  • ACProducts, Inc.
  • $1,000.00
  • The Habit Restaurants, Inc.
  • Yum! Brands, Inc.
  • $590.42
  • American Freight of Ohio, Inc.
  • Franchise Groups, Inc.
  • $450.00
  • Defenders, Inc.
  • ADT Inc.
  • $381.28
  • Southern Comfort Conversions, Inc.
  • FOX Factory, Inc.
  • $341.00
  • Sheraton Grand Phoenix Hotel
  • The Blackstone Group Inc.
  • $268.00
  • InterContinental Buckhead Atlanta Hotel/Sofitel Washington DC Lafayette Square
  • Brookfield Property Partners L.P.
  • $256.50
  • Drybar Products LLC
  • Helen of Troy Limited
  • $255.00
  • 12-Hotel Protfolio
  • DFH Capital Ltd.; Arbor Lodging Partners
  • $250.00

 

Source S&P Capital IQ as of 4/13/2020 and PCE Proprietary Data

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Contacts

Michael Poole

Orlando Office

407-621-2112

David Jasmund

Orlando Office

407-621-2111

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
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407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

Data Assumptions

This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.

Glossary

EBIT - Earnings Before Interest and Taxes
EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
LTM - Last Twelve Months
TEV - Total Enterprise Value

Sources:

  1. Whitten, Sarah, “2020 was already expected to be a weak year at the box office, coronavirus could mean ‘cinematic disaster’,” CNBC, Mar. 15, 2020.
  2. Associated Press, “Retail Sales Fall 0.5% in February, Biggest Drop Since 2018,” U.S. News, Mar. 17, 2020.
  3. Spangler, Todd, “Streaming Video Consumer Spending to Jump 29% in 2020 to $24 Billion, CTA Forecasts,” Variety, Mar. 26, 2020.
  4. Balu, Nivedita, Dastin, Jeffrey, Baertlein, Lisa, Koyyur, Arun, Shumaker, Lisa, “Amazon to Hire 100,000 workers as online orders surge on coronavirus worries,” Reuters, Mar. 16, 2020.
  5. Stankiewicz, Kevin, “Kroger CEO: We Have Hired 2,000 People and Have 10,000 Openings in response to Coronavirus Demand,” CNBC, Mar. 17, 2020.
  6. Scimia, Ed, “Will The Coronavirus Shutdown be a Boon for US Online Gambling,” OnlineGambling.com, Mar. 16, 2020.
  7. Dawson, Gloria, “National Restaurant Association Offers Guidance for States on Unit Closures and Plans for Local Economic Stimulus, Including Cap or Reduction of Delivery Fees,” Nation’s Restaurant News, Mar. 18, 2020.
  8. Lucas, Amelia, “Restaurant Industry Asks for $145 billion Recovery Fund from The Government,” CNBC, Mar. 18, 2020.
  9. Weissman, Cale, “As Amazon’s Grocery Program Materializes, The Retail Tech Wars Heat Up,” ModernRetail, Feb. 26, 2020.

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