Total drinks industry deals for June 2019 worth $37.87m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 90.5% over the previous month and a drop of 97.7% when compared with the last 12-month average of $1.67bn.

In terms of number of deals, the sector saw a drop of 8.1% over the last 12-month average with 34 deals against the average of 37 deals.

In value terms, Asia-Pacific led the activity with deals worth $19.64m.

Drinks industry deals in June 2019: Top deals

The top five drinks deals accounted for 70.9% of the overall value during June 2019.

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The combined value of the top five drinks deals stood at $26.86m, against the overall value of $37.87m recorded for the month. The top announced drinks deal tracked by GlobalData in June 2019 was Sharing Economy International and Jiangsu Nanda Culture Media’s $14.53m venture financing of Yuhuaijiao.

In second place was the $4.73m venture financing of YFood Labs by Five Seasons Ventures and New Ground Ventures and in third place was Shanxi Xinghuacun Fen Wine Factory’s $3.72m acquisition of Shanxi Xinghuacun Liquor Group Baoquanyong.

The $2.5m venture financing of Better Booch by Crush Ventures and Hisashi Odachi, Nissay Capital, SpiderStore, Spiral Ventures Japan and Taku Nagao’s venture financing of WAKAZE for $1.38m held fourth and fifth positions, respectively.

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.