◆ Deal Insights · sector read
Consumer & Retail
ConsolidationMore deals while venture money dries up: buyers are picking up companies that cannot raise. Sell-side, due diligence and integration work.
M&A deals
+167%›
112 in the last 3 months vs 42
Venture capital
−37%›
€1.1bn in the last 2 quarters
Public mandates
–›
too few to read
Capital pressure
55%›
482 of 869 venture-backed overdue
01The month's strongest deals
Where the Consumer & Retail mandates are forming.
The highest-conviction Consumer & Retail deals in the 30 days to 4 September, each with the advisory angle. Click a deal for the mandate and the buyer.
Consumer & Retail · SpainTrigger 9/10
CIRSA EnterprisesBought by Lottomatica Group · $3bn
Consumer & Retail · United KingdomTrigger 9/10
Saputo Dairy UKBought by Lactalis · $1bn
Consumer & Retail · United KingdomTrigger 8/10
🔒Bought by 🔒
🔒 The mandate angle is for members
Consumer & Retail · SpainTrigger 8/10
🔒Bought by 🔒
🔒 The mandate angle is for members
Consumer & Retail · CameroonTrigger 8/10
🔒Bought by 🔒
🔒 The mandate angle is for members
Every Consumer & Retail deal in six months
02Who sells next
The likely sellers, and who needs them sold.
Venture-backed Consumer & Retail companies ranked by StrategyAI's acquisition odds, the ones past their normal time to raise, and the funds in their harvest years.
◆ StrategyAI prediction · likely to be acquired next
26 Consumer & Retail companies have at least twice the typical odds of being bought within two years.
1
FirstVet
Consumer · Sweden · Overdue to raise · €73m raised
Exit-readyOverdue to raiseFund harvesting
×3.5
2
🔒
E-commerce · Netherlands · Overdue to raise
Exit-readyOverdue to raiseCapital pressureFund harvesting
×3.5
3
🔒
Travel · Germany · In its raise window
Exit-readyFund harvestingInvestor selling
×2.6
4
🔒
Foodtech · Ireland · Deploying
Exit-ready
×2.6
5
🔒
Travel · Germany · In its raise window
Exit-ready
×2.5
6
🔒
Travel · France · Overdue to raise
Exit-readyOverdue to raiseCapital pressureFund harvestingInvestor selling
×2.5
7
🔒
Foodtech · Spain · Overdue to raise
Exit-readyOverdue to raiseCapital pressure
×2.5
8
🔒
Foodtech · France · Overdue to raise
Exit-readyOverdue to raiseFund harvestingInvestor selling
×2.4
9
🔒
Travel · Ireland · In its raise window
Exit-ready
×2.4
10
🔒
Foodtech · France · Overdue to raise
Exit-readyOverdue to raiseInvestor selling
×2.3
×N is the odds of an acquisition within 24 months against a typical venture-backed company (3.0%). The model is backtested on European exits; an indication, not advice.
Overdue for an exit
482 Consumer & Retail companies are past their normal time to raise; 103 are backed by a fund in its harvest years.
Crisp
Exit-ready 100E-commerce · Netherlands · 35 months since Series C · €176m raised
FirstVet
Exit-ready 100Consumer · Sweden · 27 months since Series C · €73m raised
🔒
Exit-ready 99Travel · Spain · 26 months since Series D+
🔒
Exit-ready 99E-commerce · Czech Republic · 27 months since Growth/Late
🔒
Exit-ready 99Foodtech · France · 32 months since Series A
🔒
Exit-ready 99Foodtech · Spain · 32 months since Series B
🔒
Exit-ready 99Travel · France · 46 months since Series D+
🔒
Exit-ready 99Foodtech · France · 44 months since Series B
🔒
Exit-ready 99Foodtech · Germany · 44 months since Series B
🔒
Exit-ready 98E-commerce · Germany · 36 months since Series D+
The fund clock · funds that have to sell
40 venture funds (€4.1bn) are in their harvest or extension years: 39 managers who need exits, and the sale processes that come with them.
Manager · fundSizeClosedAgeStage
Rocket Internet Capital Partners IGermany · Software, E-Commerce, Fintech, Marketplaces, Travel€930m201610.7 yrsExtension
Quadrille Capital IVFrance · IT, Healthcare, Consumer, Energy€511m20188.0 yrsHarvest
🔒Sweden · Fintech, E-Commerce, Media, SaaS, Mobile––10.1 yrsExtension
🔒Netherlands · Food-Tech, Agri-Tech––10.5 yrsExtension
🔒Germany · Mobility, Logistics, Travel, Prop-Tech, Food-Tech, Agri-Tech, Digital-Health, Ecommerce, Marketplaces, Fintech, Insurtech, Productivity, Future-of-Work––7.3 yrsHarvest
🔒UK · Finance, Design, Marketplaces, Travel, Developer-Tools, Infrastructure, Api-First––6.7 yrsHarvest
🔒Netherlands · High-Tech, Medtech, Food-Tech, Agri-Tech––7.7 yrsHarvest
🔒Israel · Enterprise-Software, SaaS, AI, Cloud-Infrastructure, Fintech, Automotive, IoT, AR/VR, Drones, Big-Data, Digital-Media, Consumer, Semiconductors––8.9 yrsHarvest
🔒Netherlands · Fintech, Food-Tech, Agri-Tech––8.7 yrsHarvest
🔒Netherlands · Impact, Circular-Economy, Food-Tech, Agri-Tech, Green-Tech, Smart-Materials––6.5 yrsHarvest
Harvest: years six to ten, when a fund sells its companies to return capital. Extension: past ten years and overdue to wind up. Source: EuroVC fund closes.
03Leadership moves
Who just changed the team at the top.
Leadership moves · last 30 days
80 Consumer & Retail companies changed leadership this month; 3 of them were acquired in the past year. A new CEO or CFO after a deal is the first sign of a new plan.
🔒Leadership change · Consumer & Retail · Netherlands · 15 SeptAcquired in the last year
🔒Leadership change · Consumer & Retail · United Kingdom · 11 SeptAcquired in the last year
🔒Leadership change · Consumer & Retail · Germany · 11 SeptAcquired in the last year
🔒Senior hire · Consumer & Retail · France · 29 Sept
🔒Senior departure · Consumer & Retail · Germany · 21 Sept
🔒Senior hire · Consumer & Retail · Germany · 21 Sept
🔒Leadership change · Consumer & Retail · France · 17 Sept
🔒Leadership change · Consumer & Retail · France · 15 Sept
🔒Leadership change · Consumer & Retail · United Kingdom · 15 Sept
🔒Leadership change · Consumer & Retail · United Kingdom · 15 Sept
04Other sectors
Read another sector.
Every Consumer & Retail name, every morning.
Members see the companies behind every number, the people they already know there, and live signals scored against eleven mandate patterns.
M&A: EMEA transactions, momentum compares the latest three months with the three before. Venture capital: tech.eu Funding Explorer (CC BY 4.0) and EuroVC. Predictions are StrategyAI model outputs: indicative, not advice.