Total drinks industry deals for August 2019 worth $1.01bn were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 91.1% over the previous month and a drop of 59.8% when compared with the last 12-month average of $2.52bn.

In terms of number of deals, the sector saw a drop of 27.5% over the last 12-month average with 29 deals against the average of 40 deals.

In value terms, North America led the activity with deals worth $493.25m.

Drinks industry deals in August 2019: Top deals

The top five drinks deals accounted for 79.9% of the overall value during August 2019.

The combined value of the top five drinks deals stood at $808m, against the overall value of $1.01bn recorded for the month.

The top five drinks industry deals of August 2019 tracked by GlobalData were:

1) TA Associates Management’s $288m private equity deal with Tribute Tea International

2) The $266m asset transaction with Black Velvet Distilling by Heaven Hill Brands

3) Pernod Ricard’s $223m acquisition of Castle Brands

4) The $26m asset transaction with Cerveceria Hondurena and Industrias La Constancia by The Coca-Cola

5) Alpha JWC Ventures’ venture financing of Goola for $5m.

Verdict deals analysis methodology

This analysis considers only announced and completed 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.