Total drinks industry deals for May 2020 worth $337.55m were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 128.2% over the previous month and a drop of 79.8% when compared with the last 12-month average of $1.67bn.

In terms of number of deals, the sector saw a drop of 39.02% over the last 12-month average with 25 deals against the average of 41 deals.

In value terms, Asia-Pacific led the activity with deals worth $271.19m.

Drinks industry deals in May 2020: Top deals

The top five drinks deals accounted for 97.3% of the overall value during May 2020.

The combined value of the top five drinks deals stood at $328.29m, against the overall value of $337.55m recorded for the month.

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

1) Shanghai Yuyuan Tourist Mart’s $265.91m acquisition of Jinhui Liquor

2) The $45m venture financing of Flow Alkaline Spring Water by Chase Utley and Post Malone

3) Crowdberry and Slovak Investment Holding’s $6.62m venture financing of GymBeam

4) The $5.7m venture financing of Hydrant by Coefficient Capital and Rx3 Ventures

5) Sequoia India and Sofina’s venture financing of B9 Beverages for $5.05m.

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.