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    Consumer & Retail Q2 2022

    Q2 2022 Consumer Retail

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Houghton Mifflin Harcourt Company
    • Veritas Capital Fund Management, L.L.C
    • $3,134.11
    • Golden Nugget Online Gaming, Inc.
    • DraftKings Inc.
    • $2,097.19
    • Main Event Entertainment, Inc.
    • Dave & Buster's Entertainment, Inc.
    • $849.80
    • Ryzac, Inc.
    • Skillsoft Corp.
    • $501.94
    • Sheraton New York Times Square Hotel
    • Island Capital Group LLC; MCR Investors LLC
    • $673.80
    • PGW Auto Glass, LLC
    • OEP Capital Advisors, L.P.
    • $632.00
    • Jacobs Vehicle Systems, Inc.
    • Cummins Inc.
    • $346.00
    • Operations in Mexico and The United States of Jafra S.A.
    • Betterware de México, S.A.P.I. de C.V.
    • $255.00
    • The Confidante Miami Beach
    • Sunstone Hotel Investors, Inc.
    • $231.88
    • Interbond Of America, Inc.
    • Aaron’s Retail Solutions, LLC
    • $230.00

    Other Financial Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Assets under Tires Now Operations and Certain Assets under Internal Tire Distribution of Monro, Inc.
    • American Tire Distributors, Inc.
    • $105.00
    • All Assets of TutorMe, LLC
    • Liminex, Inc.
    • $55.00
    • Opensalon Pro
    • SOHAM INC
    • $39.00
    • Enovation Brands, Inc
    • Italian Wine Brands S.p.A.
    • $22.00
    • Cygnet Online LLC
    • Grove, Inc.
    • $6.08

    Other Strategic Buyer Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Gurney's Newport Resort & Marina
    • Pebblebrook Hotel Trust
    • $174.00
    • Bob's Stores, LLC/Eastern Mountain Sports, LLC
    • GoDigital Media Group
    • $70.00
    • Adventure Forest LLC
    • Suncap Limited
    • $38.00
    • Hotel YVE Miami
    • RFR Realty LLC
    • $25.80
    • Goddard Systems, Inc.
    • Sycamore Partners Management, L.P.
    • n/a

     

    Source S&P Capital IQ as of 7/13/2022 and PCE Proprietary Data

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    Contacts

    Joe Anto

    Orlando Office

    407-621-2141

    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. “Consumer Price Index Summary.” U.S. Bureau of Labor Statistics, 10 June, 2022.
    2. “U.S. Consumer Confidence.” The Conference Board, 28 June, 2022.
    3. Genovese, Daniella. “Retail markdowns could be coming as companies tackle excess inventory.” Fox Business, 3 June, 2022.
    4. “2022 Consumer Culture Report.” 5W Public Relations, June 2022.

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