Metropoulos and One Rock Capital Partners’ $4.3bn private equity deal with Nestle Waters North America was the beverage industry’s biggest deal of Q1 2021 as deals worth $5.84bn were announced globally in the quarter, according to GlobalData’s deals database.

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The value marked a decrease of 27.4% over the previous quarter and a rise of 26.1% when compared with the last four-quarter average of $4.63bn.

In terms of number of deals, the sector saw a drop of 9.86% with 112 deals in Q1 2021 against the average of 124.25 deals in the last four-quarters.

In value terms, North America led the activity with deals worth $5.12bn.

beverage industry deals in Q1 2021: Top deals

The top five beverage industry deals accounted for 93.1% of the overall value during Q1 2021.

The combined value of the top five deals stood at $5.44bn, against the overall value of $5.84bn recorded for the quarter.

The top five beverage industry 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 $475m acquisition of Luxco by MGP Ingredients

3) ICL Group’s $400.61m asset transaction with Compass Minerals America Do Sul Industria E Comercio

4) The $158.38m acquisition of Eire Born Spirits by Becle SAB de CV

5) Redstone Companies’ private equity with Constellation Brands for $105m.