Total beverage industry deals worth $139.97m were announced globally for February 2021, with the $105m private equity deal with Constellation Brands being the sector’s biggest investment, according to GlobalData’s deals database.

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The value marked a decrease of 78.03% over the previous month of $636.96m and a drop of 90.3% when compared with the last 12-month average of $1.44bn.

In terms of number of deals, the sector saw a drop of 41.03% with 23 deals in February 2021 when compared to the last 12-month average of 39 deals.

In value terms, North America led the activity with deals worth $113.07m in February 2021.

Beverage industry deals in February 2021: Top deals

The top five deals accounted for 90.5% of the overall value during February 2021.

The combined value of the top five deals stood at $126.62m, against the overall value of $139.97m recorded for the month.

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

1) Redstone Companies’ $105m private equity deal with Constellation Brands

2) The $10.32m acquisition of Beijing Yaolai Longwei Wine by Mudanjiang Longjin Wine

3) Hana Ventures, LB Investment and Lighthouse Combined Investment’s $7.16m venture financing of Amazing Brewing

4) The $2.47m venture financing deal of Drop Bear Beer by Henry Engelhardt

5) Centurion Minerals’ venture financing deal with HAI Beverages for $1.67m.