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    Consumer Discretionary Q3 2020

    Q3-2020-Consumer-Discretionary

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Caesars Entertainment Corporation
    • Eldorado Resorts, Inc.
    • $18,840.44
    • Zoox Inc.
    • Amazon.com, Inc.
    • $1,300.00
    • Substantially All Assets of Park Place Dealerships
    • Asbury Automotive Group, LLC
    • $735.00
    • Davos Brands LLC
    • Diageo plc
    • $610.00
    • Brake Parts Inc.
    • First Brands Group, LLC
    • $510.00
    • Baptist Health Hardin
    • Baptist Healthcare System, Inc.
    • $361.40
    • Substantially All The Global Business Operations of Brooks Brothers Group, Inc.
    • Authentic Brands Group LLC; SPARC Group LLC
    • $325.00
    • PersonalizationMall.com, LLC
    • 800-Flowers, Inc.
    • $245.00
    • Casino KC and Casino Vicksburg
    • Twin River Worldwide Holdings, Inc.
    • $230.00
    • Substantially All Assets Of Americas Business Operations Of Exide Technologies, LLC
    • Atlas Holdings LLC
    • $178.60

     

    Source S&P Capital IQ as of 10/5/2020 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. Thomas, Lauren. “Nike's Online Business Is Booming - 'Digital Is Here to Stay,' CEO Says.” CNBC, CNBC, 23 Sept. 2020.
    2. Maidenberg, Micah, and Becky Yerak. “Tupperware Shares Surge as Company Pushes Turnaround Effort.” The Wall Street Journal, Dow Jones & Company, 29 July 2020.
    3. Levisohn, Ben. “Starbucks Stock Is Getting a Post-Covid Jolt.” MarketWatch, Barrons, 29 Aug. 2020.
    4. Thomas, Lauren. “25% Of U.S. Malls Are Expected to Shut within 5 Years. Giving Them a New Life Won't Be Easy.” CNBC, CNBC, 27 Aug. 2020.
    5. Rosenbaum, Eric, and Susan Caminiti. “Coronavirus and Luxury Retail: Shopping for Used Hermes, Cartier in Covid Era.” CNBC, CNBC, 20 Sept. 2020.
    6. Cheng, Andria. “Costco Earnings Show It Is Still In A Retail League Of Its Own.” Forbes, Forbes Magazine, 25 Sept. 2020.

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