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

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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. entered into a $1.75 billion deal with Apollo Global Management. Wayfair Inc. signed an agreement with CBEP Investments, GHEP VII Aggregator and The Spruce House Partnership for $535 million. And Foot Locker Inc. , which announced its second-quarter earnings on Friday, entered into a $169 million deal with Vesa Equity Investment. The SPDR S&P Retail ETF has gained 12.5% for the year to date while the S&P 500 index is up 4.8% for the period.
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