Total drinks industry deals for February 2020 worth $108.84m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 93.6% over the previous month and a drop of 93.03% when compared with the last 12-month average of $1.56bn.

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In terms of number of deals, the sector saw a drop of 23.3% over the last 12-month average with 33 deals against the average of 43 deals.

In value terms, South and Central America led the activity with deals worth $48.84m.

Drinks industry deals in February 2020: Top deals

The top five drinks deals accounted for 67% of the overall value during February 2020.

The combined value of the top five drinks deals stood at $72.9m, against the overall value of $108.84m recorded for the month.

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

1) Cafe Tres Coracoes’ $48.84m asset transaction with Mitsui &

2) The $16.69m acquisition of PT Maxx Coffee Prima by Oddish Ventures

3) Hunan Lecha Restaurant Management’s $2.86m venture financing of Pouring Tea

4) The $2.52m venture financing of Air Up by Oyster Bay

5) Lightspeed Management Company’s venture financing of The Clean Liquor for $2m.

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.