Total drinks industry deals for Q2 2019 worth $2.98bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 60.7% over the previous quarter and a drop of 36.1% when compared with the last four-quarter average of $4.66bn.

In terms of number of deals, the sector saw a rise of 23.1% over the last four-quarter average with 128 deals against the average of 104 deals.

In value terms, North America led the activity with deals worth $2.63bn.

Drinks industry deals in Q2 2019: Top deals

The top five drinks deals accounted for 90.7% of the overall value during Q2 2019.

The combined value of the top five drinks deals stood at $2.7bn, against the overall value of $2.98bn recorded for the quarter. The top announced drinks deal tracked by GlobalData in Q2 2019 was E. & J. Gallo Winery’s $1.7bn asset transaction with Constellation Brands.

In second place was the $510m private equity deal with Bolthouse Farms by Butterfly Equity and in third place was The Boston Beer’s $300m acquisition of Dogfish Head Brewery.

The $150m venture financing of Ruixing Coffee (Beijing) by BlackRock and Eurazeo PME’s private equity deal with Q Tonic for $40m 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.