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Aug. 21, 2020, 8:46 a.m. EDT

Q2 retail private equity deals total $2.63 billion with Wayfair, Foot Locker and Albertsons among the big names

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By Tonya Garcia

Private equity deals in the retail sector totaled $2.63 billion in the second quarter with well-known names involved in some of the biggest agreements, according GlobalData. The total value is 11.9% higher than the first quarter, but marks an 11% decline from the previous four-quarter average of $2.96 billion. The top five deals account for nearly 96% of Q2 deal value. During the quarter, Albertsons Cos. Inc. /zigman2/quotes/209620932/composite ACI +0.76% entered into a $1.75 billion deal with Apollo Global Management. Wayfair Inc. /zigman2/quotes/201071690/composite W -2.03% signed an agreement with CBEP Investments, GHEP VII Aggregator and The Spruce House Partnership for $535 million. And Foot Locker Inc. /zigman2/quotes/204092533/composite FL -0.96% , which announced its second-quarter earnings on Friday, entered into a $169 million deal with Vesa Equity Investment. The SPDR S&P Retail ETF /zigman2/quotes/206947004/composite XRT -1.42% has gained 12.5% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.68% is up 4.8% for the period.

/zigman2/quotes/209620932/composite
US : U.S.: NYSE
$ 15.98
+0.12 +0.76%
Volume: 1.25M
Nov. 30, 2020 2:44p
P/E Ratio
9.15
Dividend Yield
2.50%
Market Cap
$7.50 billion
Rev. per Employee
N/A
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/zigman2/quotes/201071690/composite
US : U.S.: NYSE
$ 255.38
-5.30 -2.03%
Volume: 1.06M
Nov. 30, 2020 2:44p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$25.92 billion
Rev. per Employee
$537,360
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/zigman2/quotes/204092533/composite
US : U.S.: NYSE
$ 37.77
-0.37 -0.96%
Volume: 1.61M
Nov. 30, 2020 2:44p
P/E Ratio
11.72
Dividend Yield
1.59%
Market Cap
$3.98 billion
Rev. per Employee
$156,964
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/zigman2/quotes/206947004/composite
US : U.S.: NYSE Arca
$ 60.34
-0.87 -1.42%
Volume: 2.97M
Nov. 30, 2020 2:44p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,613.50
-24.85 -0.68%
Volume: 1.62B
Nov. 30, 2020 2:44p
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