Total beverage industry deals worth $1.1bn were announced globally for September 2021, with the $368.73m acquisition of Fermentum being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 51.8% over the previous month of $2.22bn and a drop of 44.3% when compared with the last 12-month average of $1.92bn.

In terms of number of deals, the sector saw a rise of 26.67% with 57 deals in September 2021 when compared to the last 12-month average of 45 deals.

In value terms, Asia-Pacific led the activity with deals worth $521.69m in September 2021.

beverage industry deals in September 2021: Top deals

The top five deals accounted for 86.2% of the overall value during September 2021.

The combined value of the top five deals stood at $925.6m, against the overall value of $1.1bn 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 $350m venture financing of Perfect Day by Canada Pension Plan Investment Board,Robert Allen Iger and Temasek Investments

3) PHI Group $100m acquisition deal for 70% stake in Five Grain Treasure Spirits

4) The $60m venture financing of Ripple Foods PBC by Ajax Strategies,Euclidean Capital,Fall Line Capital,GV Management Co,OurCrowd,Prelude Ventures,Rage Capital,S2G Ventures and Tao Capital Partners

5) Five Seasons Ventures,Ippen Media Group,Oyster Bay Venture Capital and PepsiCo $46.87m venture financing deal with Air Up