Retail and Consumer Update: Third Quarter 2009Deloitte Corporate Finance LLC |
This quarter’s Retail and Consumer Update, produced by Deloitte Corporate Finance LLC (DCF), summarizes the most recent transactions along with information on the most active buyers, current transaction valuation multiples and an overview of the public market’s perception of the industry.
This quarter’s highlights include:
- Consumer credit fell dramatically at an annual rate of 10.4% in July, significantly outpacing the rate of decline in Q2 2009 of 5.25%. During Q2 2009, consumer borrowing fell 66%
- The volume of retail and consumer M&A transactions announced in Q3 2009 was significantly below Q3 2008 (37 vs. 99 deals, respectively), but in line with Q2 2009 (41 deals).
- Median retail and consumer M&A valuation multiples were higher in Q3 2009 (5.4x EBITDA) compared to Q2 2009 (2.7x EBITDA), reflecting improved sentiment
Download the Retail and Consumer Update below.
Retail and Consumer Update
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