Buer Capital, Fuji Capital Pte., INCE Capital, Innovation Workshop and Tiantu Capital’s $15.64m venture financing deal with Letikong was the beverage industry’s biggest cross border deal of Q2 2021 as cross border deals worth $85.5m were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked a decrease of 98.1% over the previous quarter and a drop of 97.6% when compared with the last four-quarter average of $3.51bn.

In terms of number of cross border deals, the sector saw a rise of 21.95% with 25 deals in Q2 2021 against the average of 20.50 deals in the last four-quarters.

In value terms, Europe led the activity with cross border deals worth $46.55m.

beverage industry cross border deals in Q2 2021: Top deals

The top five beverage industry cross border deals accounted for 65.3% of the overall value during Q2 2021.

The combined value of the top five cross border deals stood at $55.83m, against the overall value of $85.5m recorded for the quarter.

The top five beverage industry cross border deals of Q2 2021 tracked by GlobalData were:

1) Buer Capital, Fuji Capital Pte., INCE Capital, Innovation Workshop and Tiantu Capital’s $15.64m venture financing deals with Letikong

2) The $15.47m venture financing with Chaxiaokong by DST Global, Dynamic Capital, Lightspeed China Partners and Wuyuan Capital

3) Arborview Capital, CRCM Venture Capital, Cultivian Sandbox Venture Partners, Montage Ventures, Siddhi Capital, Silverton Partners, Social Starts and Stormbreaker Ventures’ $8.5m venture financing of Copper Cow Coffee

4) The $8.22m acquisition of Bryggeriet Vestfyen by Olvi

5) Food Tech Lab TFTL, iAngels Crowd, Maverick Ventures Israel and The Kitchen Hub’s venture financing with Better Juice for $8m.

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.