Consumer Discretionary Q4 2019

Consumer Discretionary Q4 2019

M&A Transaction Trends

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
  • Sotheby's
  • Patrick Drahi
  • $3,879.14
  • Circus Circus Casinos, Inc.
  • Phil Ruffin
  • $825.00
  • Jetro Holdings, Inc.
  • Fomento Económico Mexicano, S.A.B. de C.V.
  • $750.00
  • Vitamin Shoppe, Inc.
  • Franchise Group, Inc.
  • $653.54
  • The Monarch Beach Resort
  • Ohana Real Estate Investors LLC
  • $497.00
  • Charter School Portfolio
  • Rosemawr Management LLC
  • $454.00
  • Caviar Inc.
  • DoorDash, Inc.
  • $410.00
  • The Marshall Retail Group, LLC
  • WH Smith PLC
  • $400.00
  • Freehand Hotels
  • Generator Hostel London Ltd.
  • $400.00
  • Newmar Corporation/Dutch Real Estate Corp./New-Way Transport Corp./New-Serv, Inc.
  • Octavius Corporation
  • $343.54

 

Source S&P Capital IQ as of 1/10/2020 and PCE Proprietary Data

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Contacts

Michael Poole

Orlando Office

407-621-2112

David Jasmund

Orlando Office

407-621-2111

Andre Sutherland

 

Andre Sutherland

Valuation

Orlando Office

407-621-2119 (direct)

asutherland@pcecompanies.com

Connect
407-621-2119 (direct)

407-621-2199 (fax)

Daniel Kvarnberg

 

Daniel Kvarnberg

Valuation

Orlando Office

407-621-2132 (direct)

dkvarnberg@pcecompanies.com

Connect
407-621-2132 (direct)

407-621-2199 (fax)

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)

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. Lawder, David, Shepardson, David. “Automakers to pay $3 billion in new U.S. tariffs under USMCA: budget estimate.” Reuters. December 18, 2019.
  2. Cochrane, Emily, Swanson, Ana. "Revised North American Trade Pact Passes House." The New York Times. December 19, 2019.
  3. Karmin, Craig. “Hilton to Launch New Brand Aimed at Young Professionals.” The Wall Street Journal. December 24, 2019.
  4. Bose, Nandita. “'Do Not Sell My Info': U.S. retailers rush to comply with California privacy law.” Reuters. December 30, 2019.
  5. Moeser, Michael “Installment payment app downloads surge for 2019 holiday shopping.” PaymentsSource. December 05, 2019.
  6. Marriott International to Acquire Elegant Hotels Group Fueling Growth of All-Inclusive Platform
  7. Freund, Janet. “Ulta Tops Amazon as Decade’s Best Performing Large Retail Stock.” Bloomberg. December 20, 2019
  8. Ducharme, Jamie. “The Federal Legal Age to Buy Tobacco Products Has Been Raised to 21. Here’s What That Could Do to the Vaping Industry.” Time. December 20, 2019.
  9. Reklaitis, Victor. “Higher tobacco-buying age helps Juul and Altria avoid a ban on flavored e-cigarettes, group says.” MarketWatch. December 20, 2019.
  10. Dalton, Matthew, Dummett, Ben, Kapner, Suzanne. “LVMH Bets It Can Restore Tiffany’s Shine With $16 Billion Deal.” The Wall Street Journal. November. 25, 2019.
  11. "Facebook's Entry Stirs Up Competition in Cloud Gaming Space." Zacks Investment Research. December 20, 2019.

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