Total drinks industry deals for November 2020 worth $501.05m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 92.6% over the previous month and a drop of 66% when compared with the last 12-month average of $1.47bn.

In terms of number of deals, the sector saw a drop of 46.2% over the last 12-month average with 21 deals against the average of 39 deals.

In value terms, North America led the activity with deals worth $380.5m.

Drinks industry deals in November 2020: Top deals

The top five drinks deals accounted for 90.5% of the overall value during November 2020.

The combined value of the top five drinks deals stood at $453.67m, against the overall value of $501.05m recorded for the month.

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

1) Aphria’s $300m acquisition of SweetWater BrewingInc

2) The $51m venture financing of Kate Farms by Goldman Sachs & Co and Kaiser Permanente Ventures

3) Shanxi Xinghuacun Fen Wine Factory’s $40.27m acquisition of Shanxi Xinghua Village Fenjiu Group Liquor Industry Development Zone

4) The $32.4m acquisition of Pulmuone Waters by Pulmuone Holdings

5) Neoplux Capital, Sequoia Capital India, Sixth Sense Ventures and Sofina’s venture financing of B9 Beverages for $30m.

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.