Asia-Pacific’s beverage industry saw a rise of 50% in deal activity during September 2021, when compared with the last 12-month average, led by Lion’s $368.73m acquisition of Fermentum, according to GlobalData’s deals database.

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A total of 21 beverage industry deals worth $521.7m were announced for the region in September 2021, against the 12-month average of 14 deals.

Of all the deal types, venture financing saw most activity in September 2021 with 16 transactions, representing a 76.2% share for the region.

In second place was M&A with five deals capturing a 23.8% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in Asia-Pacific’s beverage industry with $471.99m, followed by venture financing deals totalled $49.7m.

Asia-Pacific beverage industry deals in September 2021: Top deals

The top five beverage deals accounted for 97.7% of the overall value during September 2021.

The combined value of the top five beverage deals stood at $509.62m, against the overall value of $521.7m recorded for the month.

The top five beverage industry deals of September 2021 tracked by GlobalData were:

1) Lion $368.73m acquisition deal with Fermentum

2) The $100m acquisition of 70% stake in Five Grain Treasure Spirits by PHI Group

3) IIFL Asset Management,Sixth Sense Ventures,Urmin Group Family office and White Whale Ventures $24m venture financing deal with Vahdam Teas

4) The $10.87m venture financing of Boutique Spirit Brands by Anicut Angel Fund,IIFL Holdings,Kae Capital ManagementLtd.,Narendra Madhusudan Murkumbi,TradeCred and Vikramaditya Mohan Thapar

5) LB Investments and WONIK Investment Partners $6.02m venture financing deal with Daily Beer