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    Consumer Discretionary Q2 2021

    Q2 2021 Consumer Discretionary

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Speedway LLC
    • 7-Eleven, Inc.
    • $21,000.00
    • Grubhub Inc.
    • Just Eat Takeaway.com N.V.
    • $8,201.53
    • The Michaels Companies, Inc.
    • Apollo Global Management, Inc.
    • $7,478.59
    • Extended Stay America, Inc.
    • The Blackstone Group Inc.
    • $6,339.57
    • Cooper Tire & Rubber Company
    • The Goodyear Tire & Rubber Company
    • $3,236.81
    • Club Car, LLC
    • Platinum Equity, LLC
    • $1,680.00
    • Four Seasons Resort Orlando at Walt Disney World® Resort
    • Host Hotels & Resorts, Inc.
    • $621.60
    • Welk Hospitality Group, Inc.
    • Marriott Vacations Worldwide Corporation
    • $485.00
    • 10 hospitality real estate assets located in four states in the United States
    • Monarch Alternative Capital LP
    • $360.00
    • Leaf Group Ltd.
    • Graham Holdings Company
    • $356.02

     

    Source S&P Capital IQ as of 7/6/2021 and PCE Proprietary Data

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    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. Cambon, Sarah Chaney. “Retail Sales Dropped 1.3% in May as Pandemic Shopping Habits Shifted.” The Wall Street Journal, Dow Jones & Company, 15 June 2021.
    2. Clark, Simon. “Visa Buys Swedish Fintech Tink for More Than $2 Billion.” The Wall Street Journal, Dow Jones & Company, 24 June 2021.
    3. Kapner, Suzanne. “Neiman Marcus Rides a Rebound in Luxury Shoppers.” The Wall Street Journal, Dow Jones & Company, 15 June 2021.
    4. Gasparro, Annie. “From Beans to Burgers, Food Is Getting More Expensive.” The Wall Street Journal, Dow Jones & Company, 10 June 2021.
    5. Colias, Mike. “Americans Are Keeping Their Cars Longer, as Vehicle Age Hits 12 Years.” The Wall Street Journal, Dow Jones & Company, 14 June 2021.
    6. Sebastian, Dave. “Staffing Shortages Pose a Threat to Hotels' Budding Recovery.” The Wall Street Journal, Dow Jones & Company, 18 May 2021.

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