Asia dominates global retail acquisitions in September

Asian deals dominated global retail acquisitions in September according to a database compiled by GlobalData.

Retail industry deals for the month were worth more than US$7.52 billion, representing an increase of 94.9 percent over August and 38.6 percent above the 12-month average of $5.43 billion.

In terms of a number of deals, the sector saw a rise of 15.1 percent 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 percent 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.