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    Consumer Discretionary Q1 2021

    Q1 2021 Consumer Discretionary

    M&A Transaction Trends

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Tiffany & Co.
    • LVMH Moët Hennessy - Louis Vuitton, Société Européenne
    • $18,919.76
    • Collectors Universe, Inc.
    • Cards Parent LP
    • $870.53
    • Substantially All Assets of NPC International, Inc.
    • Wend American Group LLC; Hut American Group LLC
    • $816.00
    • Pet Supplies Plus, LLC
    • Franchise Group, Inc.
    • $700.00
    • Fresh Direct, LLC
    • Centerbridge Partners, L.P.; Ahold Delhaize USA, Inc.
    • $550.00
    • DTLR Villa LLC
    • JD Sports Fashion plc
    • $495.00
    • DermStore, LLC
    • THG Plc
    • $350.00
    • ZAGG Inc
    • Evercel, Inc.
    • $242.52
    • KingsIsle Entertainment, Inc.
    • Media and Games Invest plc
    • $210.00
    • Azamara Club Cruises, Inc.
    • Sycamore Partners Management, L.P.
    • $201.00

     

    Source S&P Capital IQ as of 4/12/2021 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
    847-239-2466 (direct)

    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)

    Pearl-Rachel 667 x 667

     

    Rachel Pearl

    Valuation

    Orlando Office

    407-621-2140 (direct)

    rpearl@pcecompanies.com

    Connect
    407-621-2140 (direct)

    407-621-2199 (fax)

    R Winston 667 x 667

     

    Richard Winston

    Valuation

    Atlanta Office

    404-994-4650 (direct)

    rwinston@pcecompanies.com

    Connect
    404-994-4650 (direct)

    407-621-2199 (fax)

    Thomas Harrington

     

    Thomas Harrington

    Investment Banking

    Orlando Office

    407-621-2145 (direct)

    tharrington@pcecompanies.com

    Connect
    407-621-2145 (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. Lucas, Amelia. “Taco Bell Owner Yum Brands Buys Social Media Ordering Platform in Second Tech Deal of the Month.” CNBC, CNBC, 24 Mar. 2021.
    2. Levin, Jonathan. “CDC Says Order Limiting U.S. Cruises Stays In Affect Till Nov. 1” Bloomberg.com, Bloomberg, 24 Mar. 2021.
    3. Elliott, Hannah. “The Pandemic Is Creating a ‘Postwar Boom’ for Luxury Carmakers.” Bloomberg.com, Bloomberg, 24 Mar. 2021.
    4. Lardieri, Alexa. “Coronavirus Pandemic Sets Hotel Industry Back 10 Years, Report Finds.” U.S. News & World Report, U.S. News & World Report, 27 Jan. 2021 .
    5. Omeokwe, Amara. “Retail Sales, Manufacturing Slip Ahead of Expected Spring Rebound.” The Wall Street Journal, Dow Jones & Company, 16 Mar. 2021.
    6. Kifleswing. “Why There's a Chip Shortage That's Hurting Everything from the PlayStation 5 to the Chevy Malibu.” CNBC, CNBC, 11 Feb. 2021.
    7. Unglesbee, Ben. “Fashion Apparel Makes a Comeback, Focus on Digital Deepens, and Other 2021 Predictions.” Retail Dive, 20 Jan. 2021.
    8. Savitz, Eric J. Consumer Electronic Retail Sales Are Expected to Grow 4.3% This Year, Barrons, 11 Jan. 2021.

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