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    Consumer & Retail Q1 2022

    Q1-2022-Consumer-Retail

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Financial Services Segment of Adtalem Global Education Inc.
    • Wendel; Colibri Group
    • $1,000.00
    • Del Taco Restaurants, Inc.
    • Jack in the Box Inc.
    • $845.67
    • 27-Hotel Portfolio of NewcrestImage, LLC
    • Summit Hospitality JV, LP
    • $823.74
    • Sunshine Fitness Growth Holdings, LLC
    • Planet Fitness, Inc.
    • $800.00
    • Flyers Energy, LLC
    • World Fuel Services, Inc.
    • $777.83
    • The Intimidator Group
    • The Toro Company
    • $401.48
    • Casper Sleep Inc.
    • Durational Capital Management LP
    • $375.41
    • W Nashville
    • Xenia Hotels & Resorts, Inc.
    • $328.70
    • Kimpton Hotel Van Zandt
    • Host Hotels & Resorts, Inc.
    • $242.00
    • InfoSec Institute, Inc.
    • Education To Go
    • $190.80

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Ritz-Carlton Dorado Beach Hotel/14 Luxury Residences Adjacent to Hotel in Puerto Rico
    • Braemar Hotels & Resorts, Inc.
    • $187.70
    • AC Hotel by Marriott Fort Lauderdale Beach
    • Dynamic City Capital
    • $74.30
    • Canoo Inc.
    • Bank J. Safra Sarasin AG
    • $68.57
    • Tranquility Bay Beach House Resort
    • DiamondRock Hospitality Company
    • $62.30
    • Hyatt Place/Hyatt House Hotel in North Scottsdale
    • KKR & Co. Inc.; Riller Capital
    • $54.50

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Retail fuel and convenience store sssets of Consumers Petroleum of Connecticut, Inc.
    • Global Partners LP
    • $151.00
    • Hyatt Centric Chicago Magnificent Mile
    • Northwestern Memorial Healthcare Corporation
    • $67.46
    • The Standard hotel and spa in Miami Beach
    • Nomade Lido LLC
    • $62.00
    • Violet Grey Inc
    • Farfetch Limited
    • $44.40
    • The Hotel @ Times Square
    • Premier Hotels LLC
    • $41.20

     

    Source S&P Capital IQ as of 4/6/2022 and PCE Proprietary Data

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    PCE Transactions

    Contacts

    Michael Poole

    Orlando Office

    407-621-2112

    David Jasmund

    Orlando Office

    407-621-2111

    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. Shaw, Katherine. "Why 2022 may be a good year for luxury stocks." 2022 Stock Market Outlook, Fidelity, 5 Jan. 2022.
    2. The Conference Board. "Consumer Confidence Rebounds Slightly in March" Economic Indicators - Consumer Confidence, The Conference Board, 29 Mar. 2022.
    3. Bureau of Labor Statistics. "Consumer Price Index – February 2022." News Release, U.S. Department of Labor, 10 Mar. 2022.
    4. Henry, Jim. "Auto Sales Fall Again in March; Chips Are Down, Prices Are Up." Cars and Bikes, Forbes, 23 Mar. 2022.
    5. Feurer, Will. "Americans Are Emerging from the Pandemic Ready to Splurge on Events and Travel." Business, Wall Street Journal, 17 Feb. 2022.

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