Total drinks industry deals for August 2020 worth $749.88m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 62.2% over the previous month and a drop of 19.8% when compared with the last 12-month average of $934.82m.

In terms of number of deals, the sector saw a flat growth over the last 12-month average with 39 deals against the average of 39 deals.

In value terms, North America led the activity with deals worth $680.51m.

Drinks industry deals in August 2020: Top deals

The top five drinks deals accounted for 97.6% of the overall value during August 2020.

The combined value of the top five drinks deals stood at $732.18m, against the overall value of $749.88m recorded for the month.

The top five drinks industry deals of August 2020 tracked by GlobalData were:

1) Diageo’s $610m acquisition of Aviation Gin and Davos Brands

2) The $66.18m acquisition of Hubei Zhijiang Liquor Industry by Jiangsu Zongyi Holding

3) GingerBread Capital, Medina Heights Capital Partners, Philippe Laffont and Springboard Growth Capital’s $25m venture financing of Hint

4) The $22m private equity deal with Celsius Holdings by Boyu Capital Consultancy

5) AgFunder, Bessemer Venture Partners, Horizons Ventures and S2G Ventures’ venture financing of Atomo Coffee for $9m.

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.