Total beverage industry deals worth $1.7bn were announced globally for April 2021, with the $600m acquisition of Eire Born Spirits being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked an increase of 132.2% over the previous month of $736.4m and a drop of 1.7% when compared with the last 12-month average of $1.74bn.

In terms of number of deals, the sector saw a rise of 11.90% with 47 deals in April 2021 when compared to the last 12-month average of 42 deals.

In value terms, North America led the activity with deals worth $1.17bn in April 2021.

Beverage industry deals in April 2021: Top deals

The top five deals accounted for 64.8% of the overall value during April 2021.

The combined value of the top five deals stood at $1.11bn, against the overall value of $1.7bn recorded for the month.

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

1) Proximo Spirits’ $600m acquisition of Eire Born Spirits

2) The $345.12m venture financing of Supreme CannabisInc by Canopy Growth

3) Wasatch Global Investors’ $100m acquisition of Vintage Wine Estates

4) The $33m private equity deal of The Hain Celestial Group by SunOpta

5) ATX Venture Partners’ asset transaction deal with CANTEEN Spirits for $31m.