Total drinks industry deals for December 2019 worth $135.84m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 70.01% over the previous month and a drop of 93.3% when compared with the last 12-month average of $2.02bn.

In terms of number of deals, the sector saw a drop of 31.8% over the last 12-month average with 30 deals against the average of 44 deals.

In value terms, Asia-Pacific led the activity with deals worth $116.79m.

Drinks industry deals in December 2019: Top deals

The top five drinks deals accounted for 95.7% of the overall value during December 2019.

The combined value of the top five drinks deals stood at $129.96m, against the overall value of $135.84m recorded for the month.

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

1) Lotte Chilsung Beverage’s $82.15m acquisition of Pepsi-Cola Products Philippines

2) The $33.78m venture financing of Soulfresh Global by True Capital Partners

3) Business Growth Fund’s $10.39m private equity deal with Off-Piste Wines

4) The $2.77m venture financing of Montoscar Enterprises by Diageo

5) Seedrs’ venture financing of Skinny tonic for $0.86m.

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.