Europe’s drinks industry saw a drop of 19.2% in overall deal activity during Q3 2019, when compared to the four-quarter average, according to GlobalData’s deals database.

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A total of 21 deals worth $123.37m were announced for the region during Q3 2019, against the last four-quarter average of 26 deals.

Of all the deal types, M&A saw most activity in Q3 2019 with 17, representing an 81% share for the region.

In second place was venture financing with three deals, followed by private equity deals with one transaction, respectively capturing a 14.3% and 4.7% share of the overall deal activity for the quarter.

In terms of value of deals, M&A was the leading category in Europe’s drinks industry with $121.71m, followed by venture financing deals totalled $1.66m.

Europe drinks industry deals in Q3 2019: Top deals

The top three drinks deals accounted for 99.9% of the overall value during Q3 2019.

The combined value of the top three drinks deals stood at $123.19m, against the overall value of $123.37m recorded for the quarter.

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

1) Coca-Cola HBC Italia’s $97.11m acquisition of Acque Minerali

2) The $24.6m acquisition of Func Food Group by Celsius Holdings

3) Crowdcube Capital’s $1.49m venture financing of Everyday Adventures.

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.