Total drinks industry deals for October 2019 worth $218.48m were announced globally, according to GlobalData’s deals database.

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The value marked a decrease of 32.8% over the previous month and a drop of 89.8% when compared with the last 12-month average of $2.15bn.

In terms of number of deals, the sector saw a rise of 14.3% over the last 12-month average with 48 deals against the average of 42 deals.

In value terms, North America led the activity with deals worth $175.88m.

Drinks industry deals in October 2019: Top deals

The top five drinks deals accounted for 59.7% of the overall value during October 2019.

The combined value of the top five drinks deals stood at $130.46m, against the overall value of $218.48m recorded for the month.

The top five drinks industry deals of October 2019 tracked by GlobalData were:

1) Lassonde Industries’ $61.24m acquisition of Sun-Rype Products

2) The $35.7m acquisition of Casa Montelobos S.A.P.I. de and Licorera Ancho Reyes y CIA S.A.P.I. de by Davide Campari-Milano

3) BA Capital Partners, Gaochun Capital and Longfor Capital’s $21.24m venture financing of Genki Forest Beverage

4) The $6.68m private equity deal with Prosit by Made in Italy Fund

5) IIFL India Private Equity Fund’s venture financing of White Owl Brewery for $5.6m.

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.