Drinks industry deals in May 2019 total $417.42m globally

Total drinks industry deals for May 2019 worth $417.42m were announced globally, according to GlobalData’s deals database.

The value marked a decrease of 83.8% over the previous month and a drop of 74.9% when compared with the last 12-month average of $1.66bn.

In terms of number of deals, the sector saw a rise of 24.3% over the last 12-month average with 46 deals against the average of 37 deals.

In value terms, North America led the activity with deals worth $352.12m.

Drinks industry deals in May 2019: Top deals

The top five drinks deals accounted for 86.1% of the overall value during May 2019.

The combined value of the top five drinks deals stood at $359.41m, against the overall value of $417.42m recorded for the month. The top announced drinks deal tracked by GlobalData in May 2019 was The Boston Beer’s $300m acquisition of Dogfish Head Brewery.

In second place was the $33.58m acquisition of Java Republic by Cafento Coffee Factory S.L and in third place was Beijing Agricultural Investment’s $14.88m private equity deal with Beijing Hand Fruit & Vegetable Drinks.

The $5.96m asset transaction with GreenSpace Brands by Zurban Beverages and DCM Ventures’ venture financing of K-Zen Beverages for $5m 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.