Total drinks industry deals for Q3 2019 worth $12.74bn were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 328.04% over the previous quarter and a rise of 167.6% when compared with the last four-quarter average of $4.76bn.

In terms of number of deals, the sector saw a rise of 3.5% over the last four-quarter average with 120 deals against the average of 116 deals.

In value terms, Asia-Pacific led the activity with deals worth $11.8bn.

Drinks industry deals in Q3 2019: Top deals

The top five drinks deals accounted for 95.7% of the overall value during Q3 2019.

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The combined value of the top five drinks deals stood at $12.19bn, against the overall value of $12.74bn recorded for the month.

The top five drinks industry deals of Q3 2019 tracked by GlobalData were:

1) Asahi Group Holdings’ $11.3bn acquisition of Carlton & United Breweries

2) The $288m private equity deal with Tribute Tea International by TA Associates Management

3) Heaven Hill Brands’ $266m asset transaction with Black Velvet Distilling

4) The $223m acquisition of Castle Brands by Pernod Ricard

5) Grupo Nutresa’s acquisition of Cameron’s Specialty Coffee for $113m.

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.