Consumer Discretionary Q2 2020

Q2 2020 Consumer Discretionary

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Real Estate Assets of Tropicana Las Vegas Hotel and Casino
  • Gaming and Leisure Properties, Inc.
  • $307.50
  • 3Sixty Duty Free
  • Hotel Shilla Co.,Ltd
  • $121.00
  • The Hutton Hotel
  • Geolo Capital LP; BentallGreenOak; Flank Management LP
  • $70.00
  • Pet Cremation Business of Matthews International Corporation
  • Undisclosed Buyer
  • $57.20
  • OrgHarvest, Inc.
  • First Seed Farms, Inc.
  • $50.00
  • Krystal Company
  • Fortress Investment Group LLC; Golden Child Holdings
  • $48.50
  • Substantially all the Assets of Olivet Memorial Park and Olivet Funeral and Cremation Services
  • Cypress Lawn Cemetery Association
  • $41.40
  • The Courtyard by Marriott Boynton Beach
  • Boynton Property Holdings, LLC
  • $19.04
  • Decor Intermediate Holdings LLC
  • Undisclosed Buyer
  • $19.00
  • 114,000 Residential Alarm Monitoring Contracts of Protect America, Inc.
  • Monitronics International, Inc.
  • $15.00

 

Source S&P Capital IQ as of 7/6/2020 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
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)

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. Kapner, Suzanne, Biswas, Soma, "Brooks Brothers, Hurt by Casual Fridays and Coronavirus, Files for Bankruptcy", WSJ, July 8, 2020.
  2. Cheng, Andria, "Retail Sales Numbers Show a Record Jump in May, But Investor's Celebration is Premature", Forbes, June 16, 2020.
  3. Bursztynsky, Jessica, "Disney says it now has 54.5 million Disney+ subscribers", CNBC, May 5, 2020.
  4. Lockwood, Lisa, "U.S. Consumers Start to Spend on Discretionary Categories," WWD, June 29, 2020.
  5. Franck, Thomas, "May's record jobs comeback," CNBC, June 5, 2020.
  6. Jones, Orion, "Retail and hospitality led June job gains as virus surged", The Real Deal, July 2, 2020.
  7. Feltmate, Thomas, "U.S. Vehicle Sales (June 2020)", TD Bank, July 1, 2020.
  8. Thomas, Lauren, "No more dressing rooms: This virtual fitting experience is moving into Brookfield malls," CNBC, June 30, 2020.
  9. Harring, Alex, "Casinos are seeing strong sales despite social distancing, Circa Resort CEO says," CNBC, July 2, 2020.
  10. Presser, Brandon, "The Post-Pandemic Hotel Looks a lot like a Cruise Ship", Bloomberg, July 2, 2020.

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