Retail industry deals for the month were worth more than US$7.52 billion, representing an increase of 94.9 per cent over August and 38.6 per cent above the 12-month average of $5.43 billion. In terms of number of deals, the sector saw a rise of 15.1 per cent over the 12-month average with 145 deals against the average of 126 deals.
In value terms, Asia-Pacific led the activity with deals worth $5.14 billion. The top five retail deals accounted for 72.7 per cent of the overall value during September – and three of them were in Asia.
The top five retail industry deals of September tracked by GlobalData were:
- Yahoo Japan’s $3.72 billion acquisition of Zozo.
- The $750 million acquisition of Jetro Restaurant Depot by Fomento Economico Mexicano.
- GIC Singapore’s $500 million private equity deal with VCM Services and Trading Development Joint Stock (VinGroup’s VinMart in Vietnam).
- The $300 million venture financing of Zhuan Zhuan by 58.com and Tencent Holdings.
- Glade Brook Capital Partners, TCV and Thrive Capital’s venture financing of Capsule for $200 million.