Total drinks industry deals for September 2020 worth $884.8m were announced globally, according to GlobalData’s deals database.

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The value marked an increase of 18% over the previous month and a drop of 2.1% when compared with the last 12-month average of $903.91m.

In terms of number of deals, the sector saw a rise of 12.8% over the last 12-month average with 44 deals against the average of 39 deals.

In value terms, Asia-Pacific led the activity with deals worth $468.57m.

Drinks industry deals in September 2020: Top deals

The top five drinks deals accounted for 51.6% of the overall value during September 2020.

The combined value of the top five drinks deals stood at $456.75m, against the overall value of $884.8m recorded for the month.

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

1) Baillie Gifford &, China Merchants Bank International Capital and China Renaissance Holdings’ $300m venture financing of Chongqing Jiangxiaobai Liquor

2) The $104.48m acquisition of Jinhui Liquor by Shanghai Yuyuan Tourist Mart

3) Convivialite Ventures, Fat Mike and Pat McAfee’s $23m venture financing of Supplying Demand

4) The $14.65m venture financing of Saturnbird Coffee by Fengrui Capital and Sequoia Capital China

5) Baillie Gifford &, CMB International Capital Management (Shenzhen), Huaxing New Economic Fund and Loyal Valley Innovation Capital’s venture financing of Chongqing Jiangxiaobai Wine Industry for $14.63m.

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.