Total drinks industry deals for June 2020 worth $605.74m were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 59.1% over the previous month and a drop of 63.7% when compared with the last 12-month average of $1.67bn.

In terms of number of deals, the sector saw a rise of 10.3% over the last 12-month average with 43 deals against the average of 39 deals.

In value terms, North America led the activity with deals worth $417.97m.

Drinks industry deals in June 2020: Top deals

The top five drinks deals accounted for 91.9% of the overall value during June 2020.

The combined value of the top five drinks deals stood at $556.82m, against the overall value of $605.74m recorded for the month.

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

1) SazeracInc’s $255m asset transaction with Constellation Brands

2) The $130m asset transaction with Constellation Brands by E. & J. Gallo Winery

3) Shenzhen Capital Group’s $100m venture financing of Nayuki

4) The $46.82m acquisition of Tianjin Heavenly Palace Winery by Tianjin Food Group

5) Acronym Venture Capital, Anthos Capital, Baron Davis, Echo Capital Group, Mason Plumlee, Patrick Schwarzenegger, Rx3 Ventures, Skyview Capital and ZX Ventures’ venture financing of Kitu Life for $25m.

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.