Total drinks industry deals for March 2019 worth $252.6m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 41.1% over the previous month and a drop of 83.7% when compared with the last 12-month average of $1.55bn.

In terms of number of deals, the sector saw a rise of 12.1% over the last 12-month average with 37 deals against the average of 33 deals.

In value terms, Asia-Pacific led the activity with deals worth $219.64m.

Drinks industry deals in March 2019: Top deals

The top five drinks deals accounted for 91.5% of the overall value during March 2019.

The combined value of the top five drinks deals stood at $231.21m, against the overall value of $252.6m recorded for the month. The top announced drinks deal tracked by GlobalData in March 2019 was Heineken International’s $145.87m acquisition of United Breweries.

In second place was the $65.24m acquisition of GTNFOODS by Vinamilk and in third place was CSA Partners and Revolution Ventures’ $8.5m venture financing of Bright Cellars.

The $7.08m acquisition of Maggie Beer Products by Longtable Group and M Capital Partners’ venture financing of Nysa for $4.52m held fourth and fifth positions, respectively.

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.