In Q3 2016, the retail and consumer deal value was $34.5 billion – the highest quarterly deal value recorded in 2016. The increase was driven by more high value megadeals (transactions exceeding $1.0 billion) when compared with previous quarters. This quarter saw eight megadeals with a total value of $26.3 billion compared with six megadeals totaling $12.6 billion in Q2 2016. However, 2016 year-to-date deal value declined 53% compared with the same period in 2015. This was driven by a significant decline in megadeal value. The first three quarters of 2016 and 2015 had 21 and 22 megadeals respectively, but 2016 megadeal value totaled $56.5 billion whereas 2015 megadeal value totaled $143.5. Deal value in 2015 was heavily influenced by the Heinz / Kraft merger for $53.1 billion, P&G / Coty merger for $16.9 billion and CVS / Omnicare for $14.1 billion.