In the first quarter of 2022, 18 deals were concluded in the retail sector, the second highest quarterly level since the beginning of the pandemic, according to a new analysis from The Grant Thornton UK Quarterly Report on Mergers and Acquisitions in the Retail Sector.

The announced value of the £ 1.5 billion deal over the period was more than twice as high as in the first quarter of 2021, but lower than the £ 4.4 billion announced in the fourth quarter of 2021 (although this included £ 4 billion Sale of self-refrigerators).

The biggest deal for the quarter was the sale by Antin Infrastructure Partners to the UK-based road services operator Roadchef of Macquarie Asset Management for £ 900 million.

Overseas buyers accounted for 39% of transactions during the period, and the main transactions include the offer of US-based Sycamore Partners for Ted Baker.

Nicolas Sartori, Head of Retail and Consumer Mergers and Acquisitions at Grant Thornton UK, said: the conditions created by the pandemic.

“As post-coronavirus trade stabilizes, concerns about store closures and the effect of the Covid rebound on companies’ assessments have become less relevant. Retail observers will closely monitor the distribution of household expenditure, taking into account the impact of inflation.

Retail M&A deal value doubles in Q1 2022

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