Metropoulos and One Rock Capital Partners’ $4.3bn private equity deal with Nestle Waters North America was the beverage industry’s biggest cross border deal of Q1 2021 as cross border deals worth $4.91bn were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked a decrease of 22.4% over the previous quarter and a rise of 125.2% when compared with the last four-quarter average of $2.18bn.

In terms of number of cross border deals, the sector saw a rise of 28.00% with 24 deals in Q1 2021 against the average of 18.75 deals in the last four-quarters.

In value terms, North America led the activity with cross border deals worth $4.46bn.

beverage industry cross border deals in Q1 2021: Top deals

The top five beverage industry cross border deals accounted for 100% of the overall value during Q1 2021.

The combined value of the top five cross border deals stood at $4.91bn, against the overall value of $4.91bn recorded for the quarter.

The top five beverage industry cross border deals of Q1 2021 tracked by GlobalData were:

1) Metropoulos and One Rock Capital Partners’ $4.3bn private equity deals with Nestle Waters North America

2) The $400.61m asset transaction with Compass Minerals America Do Sul Industria E Comercio by ICL Group

3) Becle SAB de CV’s $158.38m acquisition of Eire Born Spirits

4) The $45.65m venture financing of Sumida Chuan Brazil by Fuji Capital Pte., Multidimensional Capital, Qiming Venture Partners and Yijing Capital

5) Danone Manifesto Ventures, Dave Nolan, Hector Bellerin, Kevin Glynn, Roger Hassan and Tom Carroll’s venture financing with Moju for $3.47m.

Verdict deals analysis methodology

This analysis considers only announced and completed cross border deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.