Consumer and Retail Dealtracker: Q3 2024

The consumer and retail sector experienced significant growth in Q3 2024, driven by expanding direct-to-consumer brands and quick commerce. The momentum is expected to continue, fueled by the upcoming festive season. Investor confidence remains strong, with emerging opportunities across the sector. Our Consumer and Retail Dealtracker Q3 2024 edition provides an overview of the sector's performance, highlighting key trends, deal activity, and investor interest. It also analyses the growth drivers, challenges, and outlook, offering valuable insights into the country's evolving consumer and retail ecosystem.

Key insights from the Consumer and Retail Dealtracker Q3 2024:

• Increase in overall deal activity: Since Q3 2023, the consumer and retail sector has led the way in driving overall deal activity, accounting for 20% of the total overall volumes in Q3 2024. This quarter also marked the highest level of activity in the past two years.
• Domestic segment fuel sector growth: M&A recorded the highest quarterly deal volumes since Q1 2022, while values witnessed a 36% increase over the previous quarter. Domestic space led the M&A activity with a significant 90% share in volumes and a 97% share in values.
• PE deal flow remains strong: Private equity (PE) marked the second-highest quarterly deal volumes in the last two years and the second-highest quarterly values for the year. Small-ticket deals (<10 million) dominated PE volumes with a 70% share in deal volumes while only contributing to an 11% share in values.